Alibaba's shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured an important client for its artificial intelligence chips.
Adrian Rusu
International
Foto: pixabay.com/ro
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China Unicom will implement the AI accelerators developed by Alibaba's semiconductor unit, known as Pingtouge or T-Head, according to state television CCTV.
Alibaba's shares closed up over 5% in Hong Kong, while the stocks listed in the US were up over 2%.
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