China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China
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How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI
DeepSeek's sudden emergence has put the AI industry's focus on a technique called distillation.CNBC - 5d -
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US intelligence chief criticises UK demand for Apple data ‘back door’
Tulsi Gabbard said move would make Americans more vulnerable to ‘cyber exploitation’Financial Times - 11h -
Alibaba shares soar nearly 15% after stellar earnings as China's e-commerce sector recovers
Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.CNBC - 5d -
A swarm of underwater drones can help artificial reefs off Cyprus bring back sea life, officials say
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DeepSeek spreads across China with Beijing’s backing
The AI start-up’s models are being rapidly adopted by state-owned enterprises, hospitals and local governmentsFinancial Times - 4h -
Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit
Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings.CNBC - 22h -
Tesla’s stock is back to red: Why China full-self-driving boost was short-lived
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Alibaba’s stock falls on expensive AI-investment pledge
The online retailer plans to spend $53 billion over the next three years on AI and cloud technology.MarketWatch - 2d -
Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI
Chinese tech group says it will spend more on artificial intelligence in next three years than over past decadeFinancial Times - 5d -
Alibaba makes AI video generation model free to use globally
Open-source AI tech has been thrown into the spotlight since Chinese firm DeepSeek rattled global markets in January.CNBC - 21h -
Amazon surpasses Walmart in revenue for the first time
Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.CNBC - 6d -
Block shares fall on profit, revenue miss
Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.CNBC - 6d -
Workday beats estimates for revenue and profit, stock jumps
Workday exceeded analysts' estimates for the quarter and pointed to stronger demand from artificial intelligence products.CNBC - 1d -
Salesforce misses on revenue, issues disappointing guidance
Salesforce missed analysts' expectations for quarterly revenue in its top two categories.CNBC - 7h -
Prompt AI’s Seemour launches visual intelligence platform for the home
Prompt AI, a smart home and visual intelligence research and technology company, has launched Seemour, a visual intelligence platform.VentureBeat - 1d -
100 intelligence staffers to be fired for engaging in explicit chats: Gabbard
The participants must be dismissed from the National Security Agency by Friday, NSA Chief of Staff Alexa Henning wrote in a post on X on Tuesday.ABC News - 1d -
Gabbard Says More Than 100 Intelligence Officers Fired for Chat Messages
The chats had been set up to discuss sensitive security matters. But a group of employees used them for discussions that contained sexual themes, intelligence officials said this week.The New York Times - 18h -
US intelligence head 'not told' about UK's secret Apple data demand
Tulsi Gabbard said she was seeking further information from the FBI and other US agencies.BBC News - 9h -
Is China investable again?
It always was — at the right price and for those with eyes wide open to the economic downsideFinancial Times - 3d -
English councils’ spending on emergency housing surges
Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charityFinancial Times - 2d -
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says
Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.CNBC - 6d -
China woos Bangladesh in Beijing trip
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China’s ‘Puppy Mountain’ goes viral
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With Truth Social, Trump Has Official Mouthpiece and a Channel for Revenue
The president’s company, Trump Media & Technology Group, represents a clear mingling of his official duties and his business interests.The New York Times - 6d -
US says revenue from minerals deal will fuel Ukraine’s postwar growth
Kyiv remains sceptical of plan as Treasury secretary Scott Bessent denies it is ‘coercive’ in FT opinion articleFinancial Times - 3d -
North Koreans on Chinese Tuna Boats Boost Revenue for Kim Jong-un
Thousands of miles from home, North Koreans work on Chinese tuna longliners in the Indian Ocean for pay that goes to their leader, a new study says.The New York Times - 2d -
Congestion Pricing Reduced Traffic. Now It’s Hitting Revenue Goals.
Revenue figures from the Manhattan tolling plan showed that the program is on track to raise billions for mass transit repairs.The New York Times - 2d -
Spain wine export revenue rises in 2024 but volumes fall
Yahoo News - 1d -
PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027
Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.CNBC - 1d -
Krispy Kreme’s stock heads for a new low as company warns of weaker revenue
Krispy Kreme Inc.’s stock was down more than 23% Tuesday and heading toward a new low, weighed down by the doughnut maker’s fourth-quarter results and weak full-year outlook.MarketWatch - 1d -
Teladoc shares tumble on wider-than-expected loss, disappointing revenue guidance
Teladoc shares fell after the company reported fourth-quarter results that showed slowing revenue growth and weak guidance.CNBC - 8h -
Instacart suffers steepest drop on record after disappointing revenue, lackluster forecast
Instacart shares plummeted 12%, their worst day on record, after missing on revenue and issuing lackluster guidance.CNBC - 8h -
Nvidia revenues hit $39.3B, up 78% in FYQ4 — with no sign of slowdown (updated)
Nvidia reported that its revenue for the third fiscal quarter ended October 27 was $35.1 billion, up 17% from the previous quarter and up 94% from a year ago.VentureBeat - 9h -
C3.ai’s stock falls as revenue growth beats expectations but slows down
C3.ai shares tumbled more than 5% in extended trading Wednesday.MarketWatch - 6h -
Snowflake’s stock soars as revenue and guidance cheer up investors
Snowflake shares soared in after-hours trade Wednesday, after the company’s fiscal fourth-quarter revenue topped estimates and it offered upbeat guidance for fiscal 2026.MarketWatch - 5h -
Nvidia revenues jump almost 80% on booming AI chip sales
CEO Jensen Huang says demand remained strong despite worries China’s DeepSeek could stymie growthFinancial Times - 6h -
FirstFT: Nvidia revenues beat forecasts and jump nearly 80%
Also in today’s newsletter, Trump threatens EU with tariffs and 7-Eleven owner’s founding family ditches buyout bidFinancial Times - 1h -
Where to see cherry blossoms in South Korea
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