At the 2024 APSARA Conference, Alibaba CEO Eddie Wu highlighted the growing dominance of AI in the computing power market, with over 50% of demand driven by AI technologies. He noted a significant shift from CPU-based systems to GPU-led AI computation, emphasizing the need for robust infrastructure across various industries. Concurrently, Alibaba unveiled over 100 new open-source AI models from its Qwen 2.5 family, which support diverse applications in sectors like automotive and gaming. This includes a new text-to-video model, positioning Alibaba to compete directly with major players such as OpenAI. The company's hybrid development strategy, blending open-source and proprietary approaches, aims to foster innovation in generative AI. As Chinese tech firms intensify their AI investments, Alibaba seeks to redefine market dynamics and maintain a leadership position in this burgeoning field.