Alibaba announced the XuanTie C950, a new CPU designed for AI agent tasks and inferencing, based on the RISC-V architecture. This chip aims to improve performance and customization for AI workloads, helping Alibaba reduce reliance on foreign chips amid US export restrictions on Nvidia products. While it enhances supply chain resilience and lowers costs, the chip is unlikely to significantly impact Alibaba's revenue due to production limits. This move reflects China's broader push to develop domestic semiconductor capabilities for AI technology.
Alibaba confirmed that its Qwen AI model will be integrated into Apple's iOS, iPadOS, macOS, and visionOS services for users in China, leading to a 4% rise in its U.S.-listed shares in premarket trading. This integration allows users to access advanc...
Pomerantz LLP is investigating Alibaba Group for potential securities fraud and unlawful business practices following reports that Alibaba illicitly accessed AI technology and failed to prevent illegal pharmaceutical sales on its platform. These alle...
Last week, leveraged ETFs linked to Alibaba, Meta, Broadcom, and Nvidia delivered strong gains ranging from 17% to over 34%. Alibaba-focused ETFs led with over 34% returns, driven by positive earnings previews, AI revenue growth, and share buybacks. ...
In Q2 2026, Baird's Chautauqua International Growth Fund returned +10.39%, trailing the MSCI ACWI ex-U.S. Index's +14.49%. Key detractors included Alibaba and Lululemon, while Recruit and ASML contributed positively. The Global Growth Fund also lagge...
US AI companies Anthropic and OpenAI have accused Chinese firms, including Alibaba, of illegally copying advanced AI technology through a method called "distillation," which allows cheaper and faster AI model development. This practice threatens US d...
