Alibaba Group Holding announced on August 23 that it will issue HK$80 billion (US$10.2 billion) in…
Tag: AI
China’s Z.ai Models Dominate AI Market Amid European Push
Chinese-developed AI models are now leading in usage on the OpenRouter platform, surpassing U.S. models for…
Anthropic Plans IPO That Could Surpass SpaceX’s Record Size
Anthropic, the AI company behind the Claude chatbot, is getting ready to file for an initial…
Chamath Palihapitiya Warns of Data Center Backlash Risk
Venture capitalist Chamath Palihapitiya warned that the backlash against data centers has reached a critical point.…
China Fund Managers Favor AI Stocks Despite July Sell-Off
Fund managers in China have shown a strong interest in artificial intelligence (AI) and semiconductor stocks…
Governments Limit New Data Centers Amid AI Growth
Governments and regulators around the world are limiting new data center construction due to worries about…
Nvidia Cuts OpenAI Data Center Deal by $145 Billion
Nvidia has completed a deal with OpenAI to guarantee up to $105 billion for a planned…
Baidu Q2 Revenue Drops 4% as AI Growth Fails to Offset Slump
Baidu Inc. (NASDAQ:BIDU) reported a 4% drop in revenue for the second quarter, missing analyst expectations.…
Google Wins $10 Million Auction for Spirit Airlines Data
Google has won a bankruptcy auction for Spirit Airlines’ internal business data. The company agreed to…
Small Firms Hire Amid AI-Driven Layoffs, Survey Shows
Small businesses in the U.S. and U.K. are taking advantage of layoffs caused by artificial intelligence…