China's Ministry of Industry and Information Technology has identified a serious security back-door vulnerability in the U.S.-based AI coding tool Claude Code, which can send sensitive user data like location and identity to a remote server without consent. This warning comes amid rising U.S.-China tech tensions, following accusations by Anthropic, Claude Code's maker, that Chinese company Alibaba tried to extract its AI capabilities. Users of affected Claude Code versions from April to June are advised to uninstall or upgrade to the latest version. The issue highlights ongoing cybersecurity concerns in the global AI technology race.
Shares of Alibaba, PDD, and JD.com rose on Friday, with Alibaba leading a 3% gain amid a broader uptick in Chinese internet stocks despite a weak overall market. This move appears driven by sector rotation rather than company-specific news, as Alibab...
Alibaba's stock fell 18% after missing Q1 earnings expectations, but this selloff is seen as overdone, leading to an upgrade to Strong Buy. The company's AI Cloud revenue surged 45% year-over-year, with expectations to maintain over 40% growth and im...
