Alibaba's newly appointed CEO, Eddie Wu, has established two strategic priorities: putting users first and driving AI.
On Friday, Alibaba Cloud announced in a social media post that its DAMO Academy has successfully developed a 3D stacked In-Memory Computing (IMC) chip.
Phytium has undergone changes to its industrial and commercial registration information recently. Its registered capital increased from 667 million yuan ($104 million) to 749 million yuan.
Alibaba Group, the biggest e-commerce company in China, is setting up its own chipmaking subsidiary, Pingtouge Semiconductor Company, to make its in-house artificial intelligence inference chips.
Recently, the U.S. ban on sales to ZTE has aroused much attention to the chip industry in China. Today, Alibaba DAMO Academy (DAMO stands for Discovery, Adventure, Momentum, and Outlook) claims that it is developing a neural network chip called Ali-NPU