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Chinese AI firm Moonshot has a computing agreement with Alibaba Group for the use of about 20,000 Nvidia chips, Bloomberg News reported on Friday, citing people familiar with the matter. Alibaba, one of Moonshot's largest investors, expects portfolio companies to use its cloud, the report said. The Nvidia chip cluster Alibaba provides accounts for a key portion of the computing power behind Moonshot's Kimi models, it added.
Dolby Laboratories (NYSE:DLB) reported third-quarter fiscal 2026 revenue of $305 million, within its prior guidance range, as strength in Dolby Atmos, Dolby Vision and imaging patents was partly offset by deal timing and foundational audio revenue. Non-GAAP earnings per share were $0.69, slightly a
Moby summary of Dolby Laboratories, Inc.'s Q3 2026 earnings call
Zhongji Innolight made a lackluster debut after completing Hong Kong’s largest listing since 2019, as investors calibrate their confidence in artificial-intelligence stocks.
Apple Earnings Loom as Wall Street Braces for Historic CEO Shift
(Bloomberg) -- Jack Ma-backed OceanBase is seeking to raise money to help it operate more independently and bankroll its expansion into AI database services, according to people familiar with the matter. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeUEFA Considering Boycott of FIFA To
(Bloomberg) -- Silicon Valley leaders, including Anthropic PBC Chief Executive Officer Dario Amodei and Nvidia Corp. CEO Jensen Huang, are warning against a broad government crackdown on open-weight artificial intelligence systems as a response to a breakthrough Chinese AI model that’s challenged US leadership in the technology.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offse
By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$
(Bloomberg) -- Z.AI has completed construction of a major data center that it plans to fill only with Chinese-made chips, a step forward in Beijing’s efforts to shift away from restricted Nvidia Corp. silicon for future AI development.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memory Than ComputeUS
China's Zhongji Innolight, a manufacturer of optical transceivers, will launch a Hong Kong listing on Wednesday and is seeking to raise at least $8 billion, according to three sources with direct knowledge of the matter. Zhongji Innolight did not immediately respond to a request for comment from Reuters. The deal will be Hong Kong's largest share sale in nearly seven years since Alibaba Group's $12.9 billion listing in 2019.
Chinese authorities are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday. The step reflects Beijing's push to keep domestic AI at home and show that China, like the U.S., now sees advanced AI as a critical national asset requiring controls. Earlier this month, Reuters had exclusively reported that Chinese authorities had earlier held meetings with top tech firms about potentially restricting overseas access to China's most advanced AI models, including those yet to be released.
Chinese regulators are considering tightening export controls on artificial intelligence and semiconductor technologies, as the US-China rivalry...
Ant International, an overseas affiliate of the Jack Ma-founded Chinese fintech firm Ant Group, has raised $1.2 billion in its latest equity fundraising as it seeks to expand. Affiliates Ant Group and Alibaba Group participated in the private funding round, the company said on Tuesday, without disclosing the size of their commitment. Ant International plans to accelerate its expansion in the merchant payment business, account management and other financial services for enterprises globally.
A chip-stock rebound lost steam Monday as artificial-intelligence anxieties and Mideast tensions weighed on markets. Major U.S. stock indexes edged lower, with the Dow industrials leading losses. The Dow dropped 0.6%, or 307 points, while the S&P 500 fell 0.2%.
There are only two AI leaders that matter in the fight for coding supremacy right now, and neither is backing down from the other. Anthropic’s Claude Fable 5 remains the benchmark every Chinese lab measures itself against, and two different companies made that exact comparison within three days. ...
STOCKS Investors are kicking off the trading week with AI bubble anxieties seemingly in the rearview mirror, pushing chip stocks higher and powering a nearly 1% advance in the Nasdaq composite. The gains come despite Alibaba previewing its new artificial-intelligence model-the second time in a week that China has flexed its advances in AI.
Any hopes the U.S. held for building an impregnable lead in the technology were dashed by the progress seen at a convention in Shanghai.
(Bloomberg) -- Crowds rushed to an obscure corner of China’s premier tech summit, moving past monumental booths from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to catch a glimpse of the hottest name in domestic AI.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17
Alibaba shares climbed in Hong Kong today after the company previewed a new large-language model that it says is second only to Anthropic’s Fable 5—the second time in a week that China has flexed its AI strength. Generally, the more parameters an AI model has, the more capable and powerful it is. Markets generally took the announcement in stride, with U.S. chipmakers rising in premarket trading—a sharp reversal from Friday when Beijing-based Moonshot AI unveiled its Kimi K3 model, with 2.8 trillion parameters.
Alibaba’s AliExpress received the largest penalty EU officials have handed a company so far under the bloc’s Digital Services Act.
By Foo Yun Chee BRUSSELS, July 20 (Reuters) - Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal,
Alibaba Group previewed its new artificial-intelligence model in the latest sign that China is fast closing the gap with the U.S. for global technological dominance.
(Bloomberg) -- Alibaba Group Holding Ltd. launched a preview version of its flagship Qwen3.8 Max model, which it described as comparable to leading frontier AI models and second only to Anthropic PBC’s Fable 5.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseTwo US Troops
(Bloomberg) -- Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s burgeoning capabilities and sent global tech stocks reeling.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms P
Prosecutors have declined to charge businesses in a number of recent cases—despite believing that senior employees were involved in wrongdoing.