Alibaba is developing a new AI chip aimed at compensating for the supply gap left by Nvidia, which has faced regulatory challenges in China. As Chinese tech companies ramp up efforts to produce their own processors, Alibaba's move comes amid increased demand for cloud computing services and revenue growth in that sector.

Jack Ma is making a strong return to Alibaba after a period of absence due to regulatory scrutiny, aiming to revitalize the company and enhance its competitiveness in the tech sector. His renewed involvement is marked by significant investments in artificial intelligence and aggressive strategies against rivals like JD.com and Meituan, including a substantial financial commitment to maintain market leadership.