Investor's Business Daily42d agoneutral
Alibaba Stock Slides Further On Report China Tech Giant Tried 'Illicitly' Accessing Anthropic AI ModelsAnthropic alerted officials to what it said was illicit attempts by Alibaba to access Claude AI models.
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Reuters42d agoneutral
Anthropic says Alibaba illicitly extracted Claude AI model capabilitiesAnthropic accused Alibaba, the Chinese technology and e-commerce giant, of illicitly extracting its Claude AI model capabilities, calling it the largest known distillation attack on the company to date, according to a letter seen by Reuters.
The Wall Street Journal42d agoneutral
Korea’s SK Hynix To Make Nasdaq DebutThe offering would be one of the biggest share sales in history, comparable to Saudi Aramco’s 2019 initial public offering and surpassing Alibaba’s U.S. ADR offering in 2014. Micron Technology shares were up about 10% in aftermarket trading. The chip maker reported fiscal third-quarter results after the close that beat consensus revenue and earnings estimates.
Investing.com42d agobearish
Alibaba stock drops 3% amid accusations of ’industrial-scale’ Anthropic AI breachInvesting.com -- Alibaba Group (NYSE:BABA) shares slid 3% on Wednesday following reports that AI startup Anthropic has accused the Chinese tech giant of illicitly scraping its Claude AI models. According to a letter sent by Anthropic to US senators and White House officials, operators linked to Alibaba’s Qwen AI lab launched a massive, coordinated campaign to bypass restrictions using thousands of fraudulent accounts. Anthropic characterized the incident as the largest known attempt by a Chinese
GuruFocus.com42d agoneutral
SK Hynix ADR Filing Could Set Up $26 Billion U.S. DebutThe AI memory leader may move closer to New York trading after a more than 300% stock rally.
Insider Monkey42d agoneutral
Alibaba Group Holding Limited (BABA) Is One Of Billionaire David Tepper’s Top AI StocksWe recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Alibaba Group Holding Limited (NYSE:BABA) is one of the long-term stock picks. Chinese technology conglomerate Alibaba Group Holding Limited (NYSE:BABA)’s shares are down by 7% over the past year and by 32% year-to-date. It first appeared in Appaloosa’s 13F holdings in the third quarter […]
Associated Press42d agoneutral
Alibaba sues the US Defense Department in a bid to remove 'Chinese military company' designationThe Chinese tech giant Alibaba has sued the U.S. Department of Defense, demanding that it be removed from the Pentagon's list of Chinese military companies that prohibits them from landing U.S. defense contracts and carries reputational damage. In the petition filed this week in the San Jose division of the U.S. District Court in the Northern District of California, Alibaba, which is publicly traded on the New York Stock Exchange, argued that the designation, announced on June 8, has “no basis in fact or law" and that the Pentagon failed to reach its conclusion through any fair process. It is the latest lawsuit by a Chinese company against the Pentagon over such national security labels.
GuruFocus.com42d agoneutral
Alibaba Takes Pentagon to CourtThe Chinese e-commerce giant says the Pentagon's designation has no basis in fact or law.
Quartz42d agoneutral
Alibaba sues Pentagon to remove Chinese military company labelThe e-commerce and cloud giant called its designation "arbitrary and capricious" and says the label has already cost it business partners
GuruFocus.com42d agobullish
Tencent Shares Jump 6% as WeCom Rolls Out DeepSeek-Powered AI AgentDayuan launches to select WeCom users, offering AI-powered analysis of chats, emails, and calendars.
Investor's Business Daily42d agoneutral
Alibaba Stock Slides To 52-Week Low Amid Legal Fight With Pentagon, Consumer Spending ConcernsU.S.-listed Alibaba stock fell early Wednesday toward a new 52-week low, with shares down more than 30% year-to-date.
Quartz42d agoneutral
SK Hynix plans $29 billion Nasdaq ADR listing in 2026The South Korean memory chipmaker plans to issue 17.79 million new shares, with trading expected to begin July 10
Reuters Videos42d agoneutralVIDEO
South Korea's SK Hynix says to raise up to $29 bln in ADR listing<body><p>STORY: :: SK Hynix</p><p>SK Hynix plans to raise up to $29.43 billion via the listing of American Depositary Receipts, the South Korean chipmaker said on Wednesday.</p><p>The move comes as the company seeks to expand its investor base and production capacity for chips used in artificial intelligence.</p><p>The world's second-largest memory chipmaker plans to issue 17.79 million new shares to back a listing of ADRs on the Nasdaq market on July 10, it said.</p><p>Proceeds will be used to build a chip factory, an advanced packaging fab and purchase equipment.</p><p>The company said 10 ADRs will be equivalent to one common share.</p><p>If completed at the top end of the indicated price range, the deal would become the largest-ever ADR offering.</p><p>:: SK Hynix</p><p>It would surpass the $21.8 billion raised by Chinese e-commerce giant Alibaba in 2014.</p><p>SK Hynix is a dominant supplier of high-bandwidth memory chips used in AI systems for customers such as Nvidia and Alphabet's Google.</p><p>it's one of the biggest beneficiaries of the global AI boom, becoming South Korea's most valuable company on Monday, overtaking Samsung Electronics.</p></body>
The Wall Street Journal42d agoneutral
SK Hynix Seeks to Raise About $29 Billion in U.S. ListingThe chip maker is seeking to tap foreign investors to fund its expansion plans as the AI boom fuels a rush for advanced chips.
CBS News42d agoneutral
Alibaba sues Pentagon over blacklist designationChinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.
Stocktwits42d agobullish
Nasdaq, S&P 500 Futures Rebound As Micron Rally Lifts Chip Stocks: Why SPCX, QCOM, TSM, BABA, PLTR, CBRS, WEN, IBRX Are In FocusRetail sentiment remained cautious, with Stocktwits data showing SPY sentiment stuck in bearish territory while QQQ sentiment improved to bullish.
Reuters42d agobullish
South Korea's SK Hynix to raise up to $29 billion in US listing in JulySouth Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be a record secondary listing, as the Nvidia supplier seeks to capitalise on strong investor appetite for AI stocks. If completed at the top end, the offering would be the largest U.S. listing by a Korean firm and potentially the biggest ever via American Depositary Receipts, surpassing Alibaba's $25 billion 2014 debut. The planned listing reflects strong global appetite for AI-linked equities, even as volatility increases across U.S. tech and semiconductor markets.
Bloomberg42d agoneutral
Tencent Tests DeepSeek-Powered AI Agent for WeChat Corporate App(Bloomberg) -- Tencent Holdings Ltd. is preparing to launch an AI agent for its Slack-like enterprise communication app, intensifying a high-stakes battle among Chinese tech giants to lock users into their ecosystems in the post-ChatGPT era.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $
Stocktwits42d agoneutral
BABA Stock Slides: Alibaba Reportedly Sues Pentagon Over China Military-Linked BlacklistInvestors worry that geopolitical risks may lead to contract restrictions for the Chinese tech giant.
Reuters Videos42d agoneutralVIDEO
Alibaba sues US over charge it's linked to Chinese military<body><p>STORY: Alibaba is suing the U.S. over Washington’s allegation it is linked to the Chinese military.</p><p>The e-commerce and technology giant filed the suit in a California court on Tuesday.</p><p>That’s after the Pentagon moved earlier this month to expand its list of alleged “Chinese military companies”.</p><p>It says Alibaba is a “contributor to the Chinese defense industrial base” through its affiliation with Beijing’s Ministry of Industry and Information Technology.</p><p>The company says that allegation has “no basis in fact or law”.</p><p>Alibaba says it is governed by independent board members, none of whom have any military affiliation.</p><p>Its lawsuit seeks removal from the list.</p><p>A Pentagon spokesperson declined to comment, saying the agency does not discuss pending litigation.</p><p>Under recent U.S. law, the Defense Department cannot contract with companies on the blacklist.</p><p>Other firms on the list include search engine giant Baidu and automaker BYD.</p></body>
The Wall Street Journal43d agobearish
Alibaba Files Lawsuit Against Pentagon Seeking Removal From Military ListAlibaba Group is seeking to be removed from a list of companies with alleged ties to China’s military.
Bloomberg43d agoneutral
SK Hynix to File in Korea in Step Toward ADR Sale, Report Says(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D
Investing.com43d agoneutral
Alibaba sues Pentagon to remove it from military blacklistInvesting.com -- Alibaba Group Holding Ltd. filed a lawsuit against the Department of Defense on Tuesday to remove itself from a blacklist that identifies the company as a supporter of the Chinese military.
GuruFocus.com43d agoneutral
Tencent Rethinks Japan Gaming Bets As AI Race Heats UpTencent is weighing exits from several Japanese studio investments, including Marvelous, while keeping major bets like FromSoftware unaffected.
Benzinga43d agoneutral
Google, Meta Unite With Crypto Analytics Firms At Prince William's Forum To Fight Illegal Wildlife Trade: ReportMajor technology and cryptocurrency companies pledged to combat the illegal wildlife trade during London Climate Action Week, according to a report released on Monday. A Concerted Bid To Save Wildlife This commitment was made at a business forum convened by Prince William and The Royal Foundation’s United for Wildlife, reported Reuters. Don’t Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must
Reuters43d agoneutral
Alibaba sues US Department of Defense for branding it a 'Chinese military company'June 23 () - Chinese tech and e-commerce giant Alibaba sued the U. Department of Defense for designating it a "Chinese military company," according to a court filing on Tuesday.
Reuters43d agoneutral
Alibaba sues US Department of Defense for branding it a 'Chinese military company'Chinese tech and e-commerce giant Alibaba sued the U.S. Department of Defense for designations including saying it was a "Chinese military company," according to a court filing on Tuesday. "The determinations have no basis in fact or law," Alibaba said in its lawsuit. "Alibaba is governed by an independent board, none of whom has any military affiliation."
Barchart43d agobullish
Michael Burry Just Refused to Buy the SpaceX IPO. Here Are 3 Companies He Is Buying Instead.Michael Burry has questioned SpaceX’s valuation, but the famed investor believes the cost to short SPCX is too high. Instead, he is buying these three stocks.