On August 29, local time, the three major index collectively dropped, the Dow Jones Index fell 0.13%, the S&P 500 Index fell 0.20%, the Nasdaq Comprehensive Index fell 0.37%. Alibaba rose more than 7%, and the company executives said that over the past four quarters they have invested more than 100 billion yuan in AI infrastructure and AI product development.

Edited by: Chen Chen SN225