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Bloomberg17d agoneutral
Alibaba’s Qwen Unveils Preview of Flagship AI Model

(Bloomberg) -- Alibaba Group Holding Ltd. launched a preview version of its flagship Qwen3.8 Max model, which it described as comparable to leading frontier AI models and second only to Anthropic PBC’s Fable 5.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseTwo US Troops

Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
Associated Press19d agoneutral
Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower

Asian shares skidded Friday, with Tokyo’s Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower. Stocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised. Oil prices surged as fighting in the Middle East intensified, while U.S. futures slipped.

Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets
Reuters20d agoneutral
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets

Snowflake on Thursday unveiled a compensation package worth up to roughly $448 million for CEO ‌Sridhar Ramaswamy, hinging on the cloud-based data analytics ‌platform's market value almost doubling to $184 billion in seven years. Ramaswamy's award, ​totaling 1 million shares, is structured into five tranches, each with escalating stock price milestones, and is designed to retain him as CEO until September 15, 2030. Snowflake has been benefiting ‌from clients shifting ⁠their workloads to its cloud platform as they invest to develop AI tools.

SpaceXAI launches Grok 4.5 model for coding, agentic tasks
Reuters27d agoneutral
SpaceXAI launches Grok 4.5 model for coding, agentic tasks

SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed ‌for coding and agentic tasks. Here are some details: • SpaceXAI said Grok 4.5 ‌was trained across tens of thousands of Nvidia GB300 graphics processing units, with a focus ​on meticulous data filtering, deduplication and quality scoring. "We've partnered with SpaceXAI to train Grok 4.5," popular AI coding agent Cursor said.

Investing.com27d agoneutral
Blue Owl launches U.S. digital infrastructure venture to tap data center demand

Investing.com -- Funds managed by Blue Owl Capital on Wednesday launched Kirkwood Infrastructure Group, a new fiber and communications infrastructure company, as rising investment in artificial intelligence and hyperscale data centers fuels demand for high-capacity digital networks across the United States.

Morgan Stanley unveils key Monster stock price prediction
TheStreet31d agoneutral
Morgan Stanley unveils key Monster stock price prediction

Monster Beverage (MNST) shares have spent the summer moving toward record highs, and Morgan Stanley just gave investors a fresh reason to keep watching. The bank reiterated its Overweight rating and $103 price target on the energy drink maker this week. Morgan Stanley is standing by a call it has ...

Joby And Toyota Deepen Air Taxi Partnership With New Manufacturing JV
Benzinga32d agobullish
Joby And Toyota Deepen Air Taxi Partnership With New Manufacturing JV

Joby Aviation, Inc. stock rose Tuesday after the company and Toyota Motor Corporation formed a joint venture to support commercial production and scale-up of Joby’s electric air taxi aircraft. This builds upon a deep, multi-year collaboration and follows Toyota’s massive...