Joe Tsai, Chairman of the Alibaba Group's Board of Directors, addressed the HSBC Global Investment Summit in Hong Kong, highlighting concerns over the burgeoning field of artificial intelligence data center construction. He observed signs of a potential bubble, with the rapid pace of construction outstripping initial market demand. Tsai expressed his belief that the substantial investments by US tech giants in AI infrastructure are overly premature, and some of these investments lack adequate coordination, posing a risk of resource wastage. Despite industry debate on whether a bubble truly exists, Tsai emphasized that current AI performance evaluations are lagging, and some infrastructure may become obsolete due to rapid technological advancements. In response, Alibaba plans to recalibrate its strategy, resume recruitment, and bolster internal competitiveness, while remaining vigilant against external bubble risks.