Alibaba unveiled its new AI chip, the Zhenwu M890, which offers three times the performance of the previous Zhenwu 810E model. The chip features 144 GB of GPU memory and an interchip bandwidth of 800 GB per second, enhancing AI processing capabilities. Alibaba has already distributed 560,000 units to over 400 customers across 20 industries, signaling strong adoption. The company also announced the upcoming release of its next-generation large language model, Qwen3.7-Max, and is collaborating with China Telecom to launch a data center powered by its own chips, emphasizing China's push for homegrown AI technology.
Following President Trump's China visit, Nvidia secured a deal to sell AI chips to Chinese firms, signaling a potential market reopening. However, Chinese regulators quickly imposed tighter scrutiny on Nvidia's products, reflecting Beijing's cautious...
US export controls on Nvidia’s AI chips aimed to slow China’s tech progress but instead accelerated China’s push for semiconductor independence. China’s self-sufficiency in AI chips rose to 41% in 2024 and is expected to reach 85% by 2028, reducing r...
Alibaba reported a mixed fiscal Q4 2026, with revenue up 3% to $35.28 billion but adjusted EBITA down 84% due to heavy investment in AI and cloud expansion. Alibaba Cloud grew 38%, driven by AI products now making up 30% of cloud revenue, while quick...
Alibaba Group reported strong Q4 results with its Cloud Intelligence Group showing accelerated sequential growth and AI revenues increasing triple digits for the eleventh straight quarter. While its e-commerce segment, which makes up about 65% of rev...
SpaceX plans to go public on June 12 with a valuation potentially reaching $1.75 trillion, making it one of the largest IPOs ever. While this offers retail investors a rare chance to own a leading space company, history shows that nearly 64% of IPOs ...
