Credit: Ruben Boekeloo from Pexels Alibaba announced on Wednesday a "milestone collaboration" in AI tech with US chip giant Nvidia that the Chinese company said will accelerate its development of humanoid robots. The news came as Alibaba's shares soared more than 9% in Hong Kong after chief executive Eddie Wu unveiled plans to further ramp up spending on artificial intelligence. China and the United States are locked in a fierce tech battle, with the Calif