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

Topics

Artificial intelligence can help predict the next pandemic

AI’s potential to detect and prevent disease is limitless, and allows us to address public health in a manner that is proactive, not just reactive.
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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 - Feb. 21
These US cities could see surge in pests this spring

Deviations from normal weather patterns are putting several regions in the U.S. at risk for an uptick of disease-spreading pests, a pest-management group says.
ABC News - 6d
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 - 6d
North Koreans are back to fighting alongside Russia, South Korean intelligence says

Yahoo News - 5d
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 - Feb. 21
Nvidia's auto segment revenue surges to record high on demand for driver-assist tech

U.S. chipmaker Nvidia's auto segment revenue doubled in the latest quarter to its highest on record as demand for driver-assist software picked up.
CNBC - 5d
A swarm of underwater drones can help artificial reefs off Cyprus bring back sea life, officials say

Officials say a first-of-its-kind project will use a swarm of small, independent submersibles to monitor, protect and provide data on offshore artificial reefs whose purpose is to attract new ...
ABC News - Feb. 24
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 - 6d
DeepSeek spreads across China with Beijing’s backing

AI start-up’s models are being rapidly adopted by state-owned enterprises, hospitals and local governments
Financial Times - 6d
Wednesday Briefing: Canada and China Strike Back at Tariffs

Plus, a top architecture award for Liu Jiakun.
The New York Times - 1h
Professor, Scrutinized for Ties to China, Sues to Get His Job Back

Feng Tao, who was tenured at the University of Kansas, was cleared of charges brought under a discontinued Trump program aimed at Chinese spying.
The New York Times - 2d
Here’s how Canada, China and Mexico are striking back against Trump tariffs

In a sharp rebuke to President Donald Trump’s latest round of tariffs, Canada and Mexico have swiftly rolled out retaliatory measures, as the effects of a nascent trade war are felt across North ...
MarketWatch - 11h
Tesla’s stock is back to red: Why China full-self-driving boost was short-lived

Tesla shares are trading about 30% below a December high as concerns about Elon Musk and DOGE swirl.
MarketWatch - Feb. 24
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 - Feb. 24
Close More Deals With Emotional Intelligence

Hone your emotional intelligence to get people on your side and make more sales.
Inc. - 12h
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 decade
Financial Times - Feb. 21
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 - 6d
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 - Feb. 20
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 - Feb. 21
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 - Feb. 25
Salesforce misses on revenue, issues disappointing guidance

Salesforce missed analysts' expectations for quarterly revenue in its top two categories.
CNBC - 6d
ACC, FSU, Clemson reach revenue settlement

The ACC's board of directors has agreed to a new revenue distribution model and a reduced exit fee should any member choose to leave the conference before 2036, putting an end to ongoing litigation ...
ESPN - 6h
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 - Feb. 25
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 - 6d
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 - 6d
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 - 6d
OpenAI Says ChatGPT-4.5 Comes With a Killer Feature: Emotional Intelligence

The new version ‘feels more natural,’ and that’s a bigger deal than you might think.
Inc. - 5d
English councils’ spending on emergency housing surges

Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charity
Financial Times - Feb. 25
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 - Feb. 20
Reinventing careers: How 4 laid-off Alibaba workers started a popular bun restaurant

Yahoo News - 2d
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 - Feb. 20
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 article
Financial Times - Feb. 23
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 - Feb. 24

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