Summary: Alibaba’s stock surged over 18% after reporting a significant increase in AI-related revenue and robust cloud sales, highlighting its progress in the AI sector. This growth helped alleviate investor concerns about intensifying competition in the e-commerce sector, particularly with JD.com and Meituan. Alibaba’s focus on AI development, including large language models and video-generating models, positions it for long-term relevance beyond retail dominance.

Link: https://www.theedgesingapore.com/news/artificial-intelligence/alibaba-shares-soar-most-2022-after-making-headway-ai