Alibaba Hikes AI Prices as Much as 34% to Meet Demand Surge

Alibaba Group Holding Ltd. is raising prices for its AI computing and storage products by as much as 34%, joining a host of big tech firms moving to capitalize on surging demand in the hope of recouping hefty investments.

The company is hiking prices for its T-Head AI computing chips by between 5% and 34%, it said in a statement. It’s also raising the cost of its Cloud Parallel File Storage service by 30%, it added. Alibaba shares rose as much as 4.2% in Hong Kong on Wednesday.