Alibaba announced on Wednesday a 鈥榤ilestone collaboration鈥� in AI tech with US chip giant Nvidia that the Chinese company said will accelerate its development of humanoid robots.
The news came as Alibaba鈥檚 shares soared more than nine per cent in Hong Kong after chief executive Eddie Wu unveiled plans to further ramp up spending on artificial intelligence.
China and the United States are locked in a fierce tech battle, with the California-based AI chip leader Nvidia wound up in their race for supremacy in advanced semiconductors.
