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SpaceX’s (SPCX) historic IPO kicked off with a valuation few companies ever touch. Consequently, it also left investors wondering how much upside is left, or whether profit-taking is about to begin. SpaceX's stock, priced at $135, raised $75 billion, opening a brand new chapter for Elon Musk’s ...
Alibaba has unveiled a new artificial-intelligence chip as well as an update of its AI model, as the Chinese company aggressively pursues its AI ambitions on multiple fronts. Alibaba also released an update of its large language model, called Qwen3.7-Max, which is engineered for more advanced agent coding and complex reasoning. Alibaba’s management said in a recent earnings call that scaling up the deployment of its in-house chips represent “the highest value for money compute power,” which will improve Alibaba Cloud’s margins.
Tencent Holdings extended its streak of double-digit profit growth in the first quarter despite the Chinese tech giant’s ballooning investments to stay ahead in China’s artificial-intelligence race, though revenue growth slowed. Tencent was previously focused on leveraging the technology to boost productivity and reduce costs across various businesses.
Investing.com -- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
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