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category: Media
AI
Alibaba Supports MiniMax, OpenAI’s Chinese Competitor, in Upcoming IPO
Global investor interest in Chinese artificial intelligence (AI) companies is surging, with MiniMax positioning itself for a Hong Kong IPO in 2026. The AI...
AI
SoftBank Seeks $22.5 Billion for OpenAI by Year-End, Considering Arm Stake to Support Debt Amid Rising AI Investment Demands: Report – ARM Holdings (NASDAQ:ARM),...
SoftBank Group is aggressively pursuing $22.5 billion in funding for OpenAI by year-end, driven by the rising costs in artificial intelligence (AI). The company...
AI
Alibaba Restructures for AI ‘Super App’ Development, Pursues Nvidia’s Advanced Chip Technology – Alibaba Group Holdings (NYSE:BABA)
Alibaba Group Holding Limited (NYSE:BABA) has announced a strategic reorganization to enhance its Qwen family of AI models for consumers. The new Qwen Consumer...
AI
How TikTok’s Owner’s AI Phone is Shaking Up China’s App Landscape: Insights on Alibaba (NYSE:BABA) and SoftBank Group (OTC:SFTBF)
ByteDance Ltd, the parent company of TikTok, has launched its AI-powered smartphone, the Nubia M153, stirring both excitement and concern. Competitors like Tencent and...
AI
Amazon Replaces Engineers with AI Tools: A Shift in Workforce Strategy – Amazon.com (NASDAQ:AMZN)
Amazon.com Inc (NASDAQ:AMZN) is undertaking significant layoffs, targeting over 14,000 jobs, including many engineering roles, as it intensifies focus on artificial intelligence (AI). Reports...
AI
OpenAI Partners with Samsung and SK Hynix for Ambitious AI Data Initiative, Launching New Data Center in Korea – Microsoft (NASDAQ: MSFT), NVIDIA (NASDAQ:...
Samsung Electronics and SK Hynix secured pivotal contracts to supply chips and equipment for Microsoft-backed OpenAI's Stargate project, solidifying their leadership in AI memory...
AI
Alibaba’s Enhanced Qwen3 Surpasses OpenAI and DeepSeek – A Look at Alibaba Group Holdings (NYSE:BABA)
Alibaba Group (BABA) has upgraded its Qwen3 family of large language models (LLMs), introducing the Qwen3-235B-A22B-Instruct-2507-FP8. This new model showcases enhanced AI capabilities in...
AI
Larry Ellison Overtakes Mark Zuckerberg as World’s Second-Richest Person, Fueled by Oracle’s AI Partnerships and Stock Surge with AMD and Amazon
Larry Ellison, co-founder and chairman of Oracle Corp. (ORCL), has reclaimed the title of the world's second-richest person, surpassing Meta Platforms, Inc. (META) CEO...