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Alibaba bets on AI to fuel cloud growth as it expands globally

by Ev Richard
Alibaba bets on AI to fuel cloud growth as it expands globally

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit’s international arm touted …

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Categories Technology

Artificial general intelligence more than 10 years away: Baidu CEO

by Ev Richard
Artificial general intelligence more than 10 years away: Baidu CEO

Co-founder, CEO and chairman of Baidu, Robin Li attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Viva Technology, the …

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Categories Technology

China’s ‘Magnificent Seven’ gets new ETF

by Adrian Jhonsan
China’s ‘Magnificent Seven’ gets new ETF

Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to …

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Categories World

China is still an important market, says Peak XV, formerly Sequoia India

by Ev Richard
China is still an important market, says Peak XV, formerly Sequoia India

Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments …

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Categories Technology

Tencent earnings report Q1 2024

by Ev Richard
Tencent earnings report Q1 2024

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent beat analyst …

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Categories Technology

Alibaba rolls out latest version of its large language model

by Adrian Jhonsan
Alibaba rolls out latest version of its large language model

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Alibaba Cloud said on Thursday it …

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Categories World

What is an eVTOL? How flying cars are moving closer to reality

by Adesola Mojo
What is an eVTOL? How flying cars are moving closer to reality

Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. Source: Alef Aeronautics What if flying around in an electric vehicle is a key …

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Categories Automobile

How India is challenging China as Asia’s tech powerhouse

by Ev Richard
How India is challenging China as Asia’s tech powerhouse

For years, China has been Asia’s technology powerhouse. It is home to what once were some of the world’s most valuable companies, from Tencent to Alibaba. It is where most …

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Categories Technology

Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

by Adrian Jhonsan
Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, …

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Categories World

Sam Altman’s Reddit stake worth over $600 million after NYSE debut

by Ev Richard
Sam Altman’s Reddit stake worth over 0 million after NYSE debut

Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024.  Timothy A. Clary | …

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Categories Technology
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