Alibaba-affiliate Ant combines Chinese and U.S. chips to slash AI development costs

Key Points

Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors to make its artificial intelligence development more efficient, according to a source familiar with the matter.
The combination of chips not only reduces the time and cost of training AI models, but also limits reliance on a single supplier such as Nvidia, the source said.
The company on Monday also announced “major upgrades” to its AI solutions for healthcare, which it said were being used by seven major hospitals and healthcare institutions.

Source

Finance

JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects

July 15, 2025

Key Points JPMorgan Chase reports earnings before the market open on Tuesday. Analysts expect earnings per share of $4.48 and revenue of $44.16 billion, according to LSEG. JPM executives will host a call with investors at 8:30 a.m. ET. Source

Finance

Stocks making the biggest moves midday: Autodesk, PayPal, Rivian, Nebius, Waters and more

July 14, 2025

Check out the companies making headlines in midday trading: Autodesk — The design software maker rose more than 5% after Bloomberg News reported , citing people familiar with the matter, that it ended a plan to potentially buy out PTC . The possible acquisition was first reported by Bloomberg last Wednesday . PTC fell about […]

Finance

Fed Chair Powell asks inspector general to review controversial building project

July 14, 2025

Key Points The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue. “We’ve got a real problem of oversight and excess spending,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC. Source