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.
Apple's generative AI service, Apple Intelligence, has been approved by China's Cyberspace Administration for launch in the country. The approval follows deals to integrate Alibaba's Qwen AI model and collaboration with Baidu into Apple's operating s...
China's regulator has approved Apple Intelligence, Apple's generative AI service, for launch in China through a partnership integrating Alibaba's Qwen AI model into Apple’s operating systems. This collaboration enables AI features like text and image...
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. ...
