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By Laurie Chen and Eduardo Baptista BEIJING, Sept 4 (Reuters) - President Xi Jinping is preparing a large business delegation to accompany him on his visit to Washington, two sources said, an unusual
Baidu Inc.’s finance chief said the company’s investment in AI could soon generate profits and cash payback on par with those of its legacy search business, justifying a hard-fought transition from its internet roots.
The memory-chip maker has ridden the AI boom to become China’s most valuable company by total market cap.
The results snapped a three-quarter streak of losses for the Chinese shopping-and-delivery platform.
Cloud revenue surged 45% as AI infrastructure investments weighed on profitability.
The new AI model that’s swept to the top of online usage charts with high performance at zero cost was created by China’s Z.AI Co., also known as Zhipu.
Alibaba Group Holding Ltd.'s efforts to revive sentiment after its $10 billion share placement has failed to dispel investor concerns over how it chose to finance its AI ambition.
STOCKS 0011 GMT — Japanese stocks are lower after U.S. technology shares fell overnight. Chip and other electronics stocks lead declines. Kioxia Holdings falls 2.8%, Advantest is 3.6% lower and Panasonic Holdings is down 4.
Xpeng stock sank today on disappointing earnings and guidance. But robotics business news makes XPEV shares worth buying on the dip.
Market Catalysts Host Jared Blikre uses Yahoo Finance's AlphaSpace platform to take a closer look at Alibaba's (BABA, 9988.HK) stock moves as it issues new shares, how Cleveland-Cliffs (CLF) and other steel companies are reacting to a potential US-Canada trade war, and Wells Fargo's downgrade on Canada Goose (GOOS).
The Dow Jones Industrial Average opened higher today, with the S&P 500 opening lower. The Nasdaq opened down after Asian tech stocks tumbled earlier. Alibaba, Samsung and Softbank all retreated in Monday trading.
Investing.com -- S&P 500 and Nasdaq futures fell Monday as investors braced for a heavy week featuring potential new U.S. sanctions on Iran, Federal Reserve Chair Kevin Warsh’s Jackson Hole address, and quarterly results from Nvidia.
The AI spending boom is outrunning Wall Street estimates, Trump considers changing capital-gains taxes, China’s property crisis isn’t over, and more news to start your day.
Xpeng Inc.’s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., bolstering the automaker’s push into humanoid robots.
Find insight on Samsung , MPI and more in the latest Market Talks covering technology, media and telecom.
Chinese automaker Xpeng said on Monday its robotics unit had raised more than $900 million in its first funding round, setting a new record for a single private financing in China's embodied AI sector. The funding round, led by IDG Capital and backed by strategic investors Tencent and Alibaba, values the robotics business at more than $6.3 billion, Xpeng said in a statement. The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said.
Global tech stocks weakened following equity and bond issues from the sector in Asia and pressure on longer-dated Treasurys eased slightly as oil prices fell.
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong's biggest secondary share sale. Bloomberg reporters and Bloomberg Intelligence talk about what this means and why it's sparked backlash from some investors like Michael Burry.
BEIJING, Aug 24 (Reuters) - Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share
Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. The new model can generate 30-second videos from documents, spreadsheets, slides and web pages, Alibaba Cloud said in a post on the WeChat platform. Alibaba said Wan3.0 had been used in short drama and film production, advertising and marketing, tourism promotion and music video creation since a public beta version was launched on August 6.
By Andrew Silver SHANGHAI, Aug 24 (Reuters) - Weight-loss drugmakers, vying to tighten the belts of Chinese consumers, are promoting obesity awareness in metro stations, exercise studios and soccer
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Hong Kong-listed shares of Alibaba are set to open 8% lower on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share placement to fund AI development. Alibaba said on Monday said it has priced its HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in an offering aimed at funding artificial intelligence-related development.