<ul><li>Alibaba Group Holding's shares surged 15 percent in Hong Kong trading on optimism regarding increased spending on artificial intelligence (AI).</li><li>Alibaba's revenue and profit for the December quarter exceeded expectations, leading to share gains in both Hong Kong and New York markets.</li><li>Alibaba's CEO, Eddie Wu, stated that the company's capital expenditures for AI and cloud computing infrastructure over the next three years will surpass the previous decade's spending.</li><li>Alibaba's Cloud Intelligence Group reported a 13 percent year-on-year increase in revenue for the December quarter, highlighting the potential gains from their AI infrastructure investments.</li></ul>

Alibaba Shares Surge On AI Plans

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