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Apple Inc. has reportedly partnered with Alibaba Group Holding Ltd. to create an AI model specifically designed for the Chinese market. The AI model will fuel Apple’s AI toolkit, Apple Intelligence, which is slated to debut in China in the...
The sale sharpens its AI and cloud focus.
Alibaba Raises AI Stakes With New Qwen Model as Meta Steps Into Open-Source
Yahoo Finance's Julie Hyman uses AlphaSpace to break down Alibaba's (BABA) decision to sell its Lingxi Games unit for over $1.5 billion as the tech giant sharpens its focus on AI, while examining broader performance across U.S.-traded Chinese stocks including PDD Holdings (PDD), JD.com (JD), Baidu (BIDU), Nio (NIO), and Xpeng (XPEV).
Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (X
Alibaba has unveiled its compact Qwen3.8-27B model, designed for local laptop deployment, intensifying the global competition with Meta for dominance in open-weight artificial intelligence.
Alibaba stock has dropped this year even as the company directs its resources toward AI infrastructure.
BABA is selling Lingxi Games as it doubles down on AI and cloud, but stretched valuation and intense competition leave investors weighing whether to hold.
On this episode of Stock Movers: - Shares of Alibaba (BABA) rise after disclosing a deal to sell its gaming arm and touting claims of more than 3 billion downloads for its open AI model. - Shares of DR Horton (DHI) and Macy's (M) are moved higher after Berkshire Hathaway disclosed stakes in the companies in a filing. - Shares of Snap (SNAP) are down in trading Monday. The stock is set to end its win streak over past two sessions.
Steve Eisman, the man who called the housing collapse, sees a hidden vulnerability in the AI boom that could ripple far beyond Nvidia and force the biggest names in tech to rethink their spending in ways most investors haven't priced in.
Nearly half of WorldClaw's 90 AI models come from companies the U.S. has designated as military-aligned or restricted on national security grounds
Alibaba Group Holding Ltd. launched the beta version of an artificial intelligence music-generation model that can turn a single text prompt into a fully produced song, expanding the Chinese technology giant’s push into generative AI.
The Chinese tech giant has agreed to transfer its full stake in the gaming studio to Asian private-equity firm Trustar Capital
Alibaba Group Holding Ltd. ADR (NYSE:BABA) is reportedly offloading its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a bid to bolster its focus on artificial intelligence (AI). The Chinese tech behemoth is selling Lingxi Games for a minimum of $1.5 billion. The exact transaction size was not disclosed by Lingxi Games Chief Executive Zhou Bingshu, who stated that the sale is “part of Alibaba’s overall road map to sharpen its strategic focus,” The Wall Street Journal
By Lawrence Delevingne BOSTON, Aug 17 (Reuters) - President Donald Trump-backed World Liberty Financial is collaborating with a Hong Kong-based venture offering artificial-intelligence models
↗️ Diana Shipping (DSX): Diana said Friday that it withdrew its bid to acquire Genco Shipping & Trading (GNK), ending a nearly year-long takeover battle between the two shipping companies. Shares in Diana rose about 7% premarket.
Alibaba sells its gaming arm, Lingxi Games, to Trustar Capital in a reported $1.5 billion deal, days before earnings.
Monday Economic data: Empire state manufacturing survey (Federal Reserve Bank of New York), NAHB home builder confidence index, Treasury international capital data (U.S.), CPI (Canada). Earnings (p.
The move comes as Alibaba's Qwen models surpass 3 billion downloads, putting its open-source AI push in competition with U.S. players including Google and Meta.
Alibaba Group (NYSE:BABA), the Chinese e-commerce group, has agreed to sell its video game division to Trustar Capital, the Asian private equity firm, in a transaction that Bloomberg News reported may value the unit at more than $1.5 billion. The divestment of Lingxi Games is part of a...
By Kane Wu and Eduardo Baptista HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm
Alibaba Group Holding (NYSE:BABA) is in advanced talks to sell its gaming unit, Lingxi Games, to Trustar Capital in a deal that could value the studio at over US$1.5b. The potential transaction is still under negotiation and no final agreement has been reached. A sale of Lingxi Games would mark a shift in how Alibaba prioritises its business lines, including its focus on cloud and AI related initiatives. This possible move by Alibaba is part of a wider story in which several large tech...
Alibaba Group is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.
CXMT Corp.’s ascent to the pinnacle of Chinese markets heralds a potentially consequential shift away from private-sector giants toward a new generation of hardware companies more closely aligned with Beijing’s strategic ambitions.
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