Joe Tsai says open-source AI will boost Alibaba’s cloud business

Alibaba’s chairman, Joe Tsai, is betting big on open-source AI to fuel growth in the company’s cloud division. By making its Qwen AI models freely available, Alibaba hopes to spark a wave of new AI applications, which would naturally drive demand for its cloud services. Tsai framed this as a way to "democratize AI" while also helping Alibaba refocus after what he called a "huge ordeal" for the company.