Alibaba: Engineers Rushed AI Rollout After DeepSeek Surprise and Other Important Updates
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Court: S.D. New York
Case: 1:20-cv-09568
BABA staff worked through Lunar New Year to accelerate development of its Qwen AI models after DeepSeek’s R1 shocked the market. Chairman Joe Tsai confirmed Alibaba will invest over ¥380B ($53B) in AI infrastructure, and the company has partnered with Apple to deliver AI tech for iPhones—despite growing scrutiny from U.S. officials.
More news for BABA investors—check what you might be missing right now
At the same time, BABA reached a $433.5M settlement with investors to resolve claims it misled them about regulatory problems at Ant Group that impacted its IPO and lending operations.
You can check more information about it and file for a payout here.