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The Latest Breaking News from Alibaba

China's businesses are 'noticeably ahead' of the rest of the world when it comes to adopting AI—and preparing for the inevitable regulations

A survey from SAS finds that 80% of Chinese business leaders are already using GenAI in their organization's operations.

Fortune

Local Chinese firms rush to fill the AI void after OpenAI abandons China market — Tencent, Baidu, and Alibaba sweeten LLM offers

OpenAI announced that it China, including Hong Kong, will no longer have access to its API by next week. Home-grown LLMs are now taking steps to woo customers their way.

Tom’s Hardware

$This 17 Y.O. Girl From China Stunned The Entire World With Her Achievement In Global Math Contest$

This 17 Y.O. Girl From China Stunned The Entire World With Her Achievement In Global Math Contest

While typically fashion has nothing to do with math, this 17 Y.O. fashion student from China showed quite the opposite by beating over 500 AI teams and her own teacher. The post This 17 Y.O. Girl From China Stunned The Entire World With Her Achievement In Global Math Contest first…

Bored Panda

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Alibaba Cloud ditches Nvidia's interconnect in favor of Ethernet — tech giant uses own High Performance Network to connect 15,000 GPUs inside data center

Alibaba Cloud developed a High Performance Network (HPN) so the 15,000 GPUs inside each data center of the company could communicate using Ethernet.

Tom’s Hardware

China’s AI companies are reportedly rationing the use of their services because they don’t have enough chips

Blame the U.S. and its export controls blocking AI chip sales to China.

Fortune

SoftBank's billionaire CEO says he was put on Earth to create artificial superintelligence that's 10,000 times smarter than a human—'I am super serious about it'

"For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI," SoftBank's CEO said.

Fortune

Chinese AI models storm Hugging Face's LLM chatbot benchmark leaderboard — Alibaba runs the board as major US competitors have worsened

AI training and optimization leader Hugging Face has released its second LLM leaderboard, with a host of new and edited trials to put LLMs through their paces. Variants of Alibaba's Qwen LLM hold the 1st, 3rd, and 10th spots.

Tom’s Hardware

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Alibaba unveils the network and datacenter design it uses for large language model training

This is what Alibaba uses for large language model training.

TechRadar

Geologists raise concerns over possible censorship and bias in Chinese chatbot

GeoGPT developed in Chinese-funded earth sciences programme aimed at researchers in global south

The Guardian - UK

A vocational school student stuns China by besting university competitors in a math contest

A 17-year-old vocational school student from rural China has become a celebrity on Chinese social media after getting into the final round of a math competition, beating many others from elite universities while raising questions about the education system

The Independent UK

Imagine owning 5% of Nvidia but selling it all 5 years ago—tech investor rues over $150 billion slipping through his fingers as ‘fish that got away’

Softbank founder Masayoshi Son dumped his entire stake in Nvidia after a crypto downturn hurt sales to miners—now he wants to make good with a huge bet on artificial super intelligence.

Fortune

Sell In May? Schwab Investors Dumped This Institutional Favorite But Bought 4 Magnificent Seven Stocks

Traders were net buyers of four magnificent seven stocks in May. They bought Nvidia, Microsoft, Amazon and Tesla but sold Apple.

Investors Business Daily

Should Nvidia Be Worried as an AI Price War Escalates in China?

Chinese tech companies have lowered prices for their AI services, triggering a price war. Will the AI price war in China land on U.S. shores, too - and what could it mean for companies like Nvidia?

Barchart

Hot E-Commerce Stock Sea Ltd. Falls Amid Antitrust Probe In Indonesia

Sea stock slid after regulators in Indonesia announced an antitrust probe of Sea's Shopee e-commerce business.

Investors Business Daily

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The Guardian - UK

David Beckham becomes ambassador for Chinese tech group sponsoring Euro 2024

Ex-England footballer’s deal with Alibaba’s AliExpress follows tie-ups with Hugo Boss and SharkNinja

The Independent UK

David Beckham signs deal to be brand ambassador for Chinese giant Alibaba

Alibaba is also a sponsor of the upcoming Euros, despite a European Union probe into AliExpress

Fortune

The race to lead China's AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices

China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.

TechRadar

AI price war kicks off in China after Alibaba slashes prices

Chinese tech firms are battling it out to offer cheaper AI services to spark investments and attract customers.

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news in one place.

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Bored Panda

“I Don’t Know What To Do”: Gen Zers Roast “Temu Victim” Moms, Show Their Weird Purchases

"I don't know what to do, but she's addicted." The post “I Don’t Know What To Do”: Gen Zers Roast “Temu Victim” Moms, Show Their Weird Purchases first appeared on Bored Panda.

Investors Business Daily

Stock Market Hits Highs On Cooling Inflation; Walmart Jumps On Earnings: Weekly Review

The major indexes set all-time highs while many leading stocks flashed buy signals. Walmart and Asian e-commerce giants rallied on earnings.

Top News

Hong Kong Stock Market Sees Strong Rally Despite Geopolitical Challenges

Asian markets resilient with strong Q1 earnings from JD.com and Baidu, Hong Kong real estate and healthcare sectors perform well amidst positive conditions.

Investors Business Daily

JD Stock Jumps As Sales Accelerate, Q1 Earnings Beat Expectations

U.S.-listed JD stock gained in early trading following a strong Q1 report from the Chinese e-commerce giant.

International Business Times

China's Baidu Posts Weakest Quarterly Revenue Growth In Over A Year

Baidu is a key player in China's tech industry, which once charted years of ballooning growth until Beijing imposed a regulatory crackdown on the sector starting in 2020.

Investors Business Daily

Stocks Mixed As Powell Sees This Rate Move Likely; GameStop Soars Again In Revived Meme Frenzy

Major indexes rose after hot inflation data on Tuesday. GameStop rallied over 100% amid the latest meme frenzy. Earnings moved Alibaba and On Holdings.

International Business Times

China Tech Giant Alibaba Posts Modest Yearly Revenue Growth

Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed.

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