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2026-05-21 10:12:36 Alibaba Cloud Summit 2026 was held yesterday (20th), focusing on full-stack technology upgrades in the Agentic era and announcing four major initiatives, CMSI said in its report. The four initiatives are (1) Infrastructure: T-Head unveiled its new-generation Zhenwu M890 training-inference integrated AI chip and the 128-card supernode server Panjiu AL128, which has been connected to the Bailian platform. The company also disclosed its chip iteration roadmap: Zhenwu V900 and Zhenwu J900, accelerating its upgrade cycle from once every two years to once per year. (2) Model capabilities: the flagship Qwen3.7-Max ranked first among domestic models in global blind tests on Arena, surpassing Kimi-K2.6, DeepSeek-v4-pro and GLM-5.1. Its coding, reasoning and long-horizon task capabilities improved impressively, enabling autonomous completion of complex tasks lasting up to 35 hours. (3) Qianwen Cloud platform: For the first time among domestic cloud vendors, Alibaba Cloud completed a full-stack Agent upgrade across chip-cloud-model-inference. Traditional cloud products were transformed with Skill-based, MCP-based and CLI-based to match the irregular elasticity, short lifecycle and instantaneous surge characteristics of Agent workloads. (4) Ecosystem openness: The Bailian platform has partnered with leading large-model companies including MINIMAX-W (00100.HK), Kimi, SENSETIME-W (00020.HK), KNOWLEDGE ATLAS (02513.HK) and StepFun. CMSI maintained its Overweight rating and USD188 TP on Alibaba Group Holding Limited (BABA.US). The broker believed Alibaba Cloud's full-stack Agent upgrade is a critical strategic move. The trinity - accelerated in-house chip iteration + MaaS platform ecosystem + Agent-native system - forms a deep moat, strengthening the certainty of high growth in AI cloud revenue. ~ AASTOCKS Financial News Website: www.aastocks.com | |