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Alibaba’s stock turns lower as investments to meet AI demand hurt profitability

Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.
Business - MarketWatch - November 15
Unity CEO Matthew Bromberg is a gaming, AI, and industry growth optimist | The DeanBeat

Matthew Bromberg painted a path forward for game developers in one of his first public talks as Unity CEO at GamesBeat Next 2024.
Tech - VentureBeat - November 15
Mexico ups deficit forecast as economists warn of slowing growth

Budget sets out sharp cuts to public spending as new government seeks to restore fiscal credibility
World - Financial Times - November 16

Alibaba’s stock turns lower as investments to meet AI demand hurt profitability