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CNBC Daily Open: S&P 500 soared in 2024 despite a weak fourth quarter
A view of the ball drop during Times Square New Year’s Eve 2025 Celebration on December 31, 2024 in New…
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Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba is cutting prices on its…
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Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul,…
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China wants to dominate in AI — and some of its models are already beating their U.S. rivals
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China’s…
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Ant Group gets new CEO as billionaire founder Jack Ma talks up AI in rare appearance
Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan…
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Alibaba-backed Xreal launches augmented reality glasses with new chip as Meta rivalry heats up
The Xreal One Series features the X1 chip which is the company’s first self-designed processor for its glasses. Xreal Xreal…
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Far from a bazooka, China’s stimulus measures are just trickling through the economy
A large advertisement touting China’s “trade-in” policy hangs outside a housing construction project in Nanjing, China, on Nov. 29, 2024.…
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Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms’ customers
UKRAINE – 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. (Photo Illustration by Igor…
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China’s AI balancing act — beating the U.S. but keeping the tech from threatening Beijing’s rule
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon…
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Alibaba rises 3% in premarket after profit beat, despite miss on sales
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in…
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