New Delhi, Nov. 27 -- Alibaba Chief Executive Eddie Wu has forcefully dismissed market fears regarding an artificial intelligence (AI) bubble. Wu stated that the company "doesn't really see much of an issue in terms of a so-called AI bubble" and plans to invest aggressively in the sector, despite recent warnings from Google CEO Sundar Pichai about "elements of irrationality" in the booming market.

Wu informed investors that Alibaba is currently struggling to keep pace with surging customer demand and predicted that AI resources would remain in short supply for at least the next three years. This confident outlook appears to be underpinned by tangible results: the company's Qwen application, for instance, exceeded 10 million downloads wit...