Alibaba Group Holding Ltd
Chinese consumer companies signal spending is picking up again
Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025. Fang Dongxu | Feature China | Future Publishing | Getty Images BEIJING — Chinese companies’ latest earnings reports point to an improvement in consumer spending, though it’s not necessarily back to pre-pandemic levels. E-commerce giants […]
Read More
Alibaba launches new open-source AI model for ‘cost-effective AI agents’
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba Cloud launched Thursday its latest AI model in its “Qwen series,” as large language model competition in China continues to heat up following the “DeepSeek moment.” The new “Qwen2.5-Omni-7B” is a multimodal model, which […]
Read More
U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities
William_potter | Istock | Getty Images The U.S. on Tuesday added dozens of Chinese tech companies to its export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing’s artificial intelligence and advanced computing capabilities. The U.S. Department of Commerce’s Bureau of Industry and Security added 80 […]
Read More
China’s open-source embrace upends conventional wisdom around artificial intelligence
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China is embracing open-source AI models in a trend market watchers and insiders say is boosting AI adoption and innovation in the country, with some suggesting it is an ‘Android moment’ for the sector. The open-source […]
Read More
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 […]
Read More
Baidu shares jump 10% following release of new open-source AI models
ZHEJIANG, CHINA – MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023. Long Wei | Future Publishing | Getty Images Shares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as investors appeared to react positively […]
Read More
From DeepSeek to job risks: What tech leaders are saying on AI right now
Alibaba’s Chairman Joe Tsai speaking at CNBC’s CONVERGE LIVE event in Singapore on Wednesday. CNBC The future of artificial intelligence is a major topic of conversation among global tech and business leaders at CNBC’s CONVERGE LIVE in Singapore. Numerous executives talked up the potential of AI and discussed how it’s expected to impact the future […]
Read More
European markets rally as U.S. inflation rises less than expected, EU retaliates to Trump’s tariffs
U.S. inflation rate hits 2.8% in February, less than expected Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across […]
Read More
CONVERGE LIVE updates: Ray Dalio, Marc Benioff and Alibaba’s Tsai to talk AI, markets and more
Tourists visit the Jewel Changi Airport in Singapore on Sept. 7, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images SINGAPORE — Welcome to CNBC’s live blog on the first day of CONVERGE LIVE in Singapore, where global business leaders, investors and key policymakers will share ideas about what it means to innovate […]
Read More