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“Big Short” investor Steve Eisman said on his own show, Real Eisman Playbook, that “If I was the head of Anthropic or OpenAI, I’d be petrified. That spells to me price war.” The comment lands at an inconvenient moment: both labs have filed confidentially with the SEC and are aiming at public listings near $1 ... ‘I’d Be Petrified’: Steve Eisman Says Cheap Chinese AI Models Could Wreck OpenAI and Anthropic’s Valuations

Chinese tech groups are accelerating work on open-weight AI models, with Alibaba releasing a powerful new system that could increase competition with Intel in AI infrastructure. TSMC is reportedly developing advanced chip packaging technology that resembles Intel's EMIB approach, which could narrow Intel's edge in high performance chip designs. These developments add fresh competitive risks for Intel's AI and packaging plans that have not been the focus of recent coverage. Intel, trading on...

(Bloomberg) -- China is growing anxious that Anthropic PBC’s Mythos could be wielded against the world’s second-biggest economy, adding a volatile new issue to already heightened tensions before a planned summit between Xi Jinping and Donald Trump.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevS&P 500 Closes Near Record High on US-Iran Hopes: Markets WrapAlibaba Adds to China AI Breakthroughs With New Qwen Model Iran Says Hormuz Talks Ongoing After Trump Calls O

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR E

JD.com and NetEase are flashing bullish technical signals as improving momentum across Chinese technology stocks suggests the sector’s rally has further room to run.

BABA's Qwen3.8-Max sharpens its AI challenge to U.S. rivals while expanding enterprise workloads, open-weight access and cloud monetization.

(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit

Alibaba recently unveiled Qwen3.8-Max, a 2.4 trillion-parameter AI model that it claims matches leading global systems and plans to release as open weights for developers worldwide. This move ties Alibaba’s core cloud and AI efforts more tightly to the global open-source ecosystem, potentially increasing developer adoption and cloud usage over time. We’ll now examine how Alibaba’s Qwen3.8-Max open-weight launch could reshape its AI-and-cloud-focused investment narrative for investors. Invest...

The model uses 2.4 trillion parameters and will be released publicly next week.

Alibaba shares were gaining on Monday after the Chinese company unveiled its largest artificial-intelligence model yet. It’s another sign that China’s “open” AI push will keep piling pressure on American model providers. Alibaba’s American depositary receipts were rising 4.6% after the company launched its latest model, called Qwen 3.8-Max.

Worries over increased competition from China sent semiconductor stocks lower on Monday.

Worries over increased competition from China sent semiconductor stocks lower on Monday.

Worries over increased competition from China sent semiconductor stocks lower on Monday.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively tra

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

Shares in Alibaba Group (NYSE:BABA) rose 4% in pre-market trading in New York after the Chinese technology group unveiled the most capable version yet of its Qwen artificial intelligence model. The Hangzhou-based ecommerce and cloud computing company said Qwen 3.8-Max was the strongest model...

Software stocks help power the market higher after President Donald Trump says he will restart talks with Iran.

↗️↘️AstraZeneca (AZN, UK:AZN), Bristol Myers Squibb (BMY): The drug companies are in talks to combine in a deal that would value the joint company at roughly $400 billion, the Financial Times reported.

New Chinese AI models including Alibaba's flagship system that claims performance similar to Anthropic's Fable is intensifying the rivalry between China and the US over AI. Bloomberg's Minmin Low has the latest.

Restricting Chinese open models could protect U.S. developers but increase costs for U.S. users and slow AI adoption, analysts say.

Alibaba Group Holding (NYSE:BABA) is supplying cloud infrastructure to support a major Nvidia chip cluster for Chinese AI firm Moonshot. The deal is designed to power Moonshot's next generation AI models that are being developed to compete with leading global systems. Alibaba is both a key cloud provider and a major investor in Moonshot, linking its cloud strategy directly to AI model development. Alibaba Group Holding has been working to grow its cloud computing and AI capabilities...

The benchmark 10-year Treasury yield topped 4.7% on the day, its highest level since January 2025.

Cloud growth comes with an unusual competitive trade-off

Key takeawaysMoonshot AI reportedly accesses roughly 20,000 Nvidia chips through a computing agreement with Alibaba Group. The Hopper-generation cluster provides a significant portion of the computing capacity behind Moonshot’s Kimi models.

Moonshot reportedly gained access to computing capacity equal to about 20,000 Nvidia chips.

Bloomberg reporting alleges that Moonshot, the lab behind Kimi K3, has a computing agreement with Alibaba for roughly 20,000 H200 Nvidia GPUs.

AI startup Moonshot has built its flagship model using a massive cluster of Nvidia chips leased from backer Alibaba Group Holding Ltd.

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (X

Chinese AI firm Moonshot has a computing agreement with Alibaba Group for the use of about 20,000 Nvidia chips, ‌Bloomberg News reported on Friday, citing people familiar with the matter. Alibaba, ‌one of Moonshot's largest investors, expects portfolio companies to use its cloud, the report said. The Nvidia chip cluster Alibaba provides accounts for a key portion of the computing power behind Moonshot's Kimi models, it added.

The plot surrounding China’s latest artificial intelligence sensation is thickening. New details have emerged shedding light on how Moonshot AI, a Beijing-based startup, managed to build its Kimi K3—a 2.8-trillion-parameter model that recently sent shockwaves through global tech markets by rivaling the best systems from OpenAI and Anthropic. According to a recent report by Bloomberg News, Moonshot leaned heavily on a massive computing agreement with Alibaba Group Holding Ltd., accessing roughly