Cai Chongxin Warns of AI Data Center Bubble! Alibaba Restarts Hiring and Defines AI Strategy in Three Categories
On March 25th, Cai Chongxin, Chairman of the Alibaba Group, expressed his views at the HSBC Global Investment Summit, pointing out that a bubble is beginning to form in the construction of artificial intelligence (AI) data centers. He believes that many investment announcements in US data centers are "duplicated" or overlapping. Meanwhile, Cai Chongxin revealed that Alibaba's employee count has bottomed out and the company will restart its hiring plan. Regarding the current booming AI wave, Cai Chongxin broadly categorized companies involved into three types: the first focuses on model research and development, such as OpenAI; the second focuses on AI applications and integrations; and the third comprises infrastructure providers.
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