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Alibaba's Tsai Highlights AI Growth Through $90B Power Investments

3/22/2026

Summary

Story summary

At the China Development Forum 2026, Joe Tsai, chairman of Alibaba Group, cited AI gains from investments in the power grid and open-source models.
He noted China spends about US$90 billion annually on power transmission, far above the United States.
These investments provide a reliable energy supply for the energy-intensive AI industry.
Tsai said AI development should deliver societal benefits and promote global economic growth and living standards.

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Story summary

At the China Development Forum 2026, Joe Tsai, chairman of Alibaba Group, cited AI gains from investments in the power grid and open-source models.
He noted China spends about US$90 billion annually on power transmission, far above the United States.
These investments provide a reliable energy supply for the energy-intensive AI industry.
Tsai said AI development should deliver societal benefits and promote global economic growth and living standards.