Alibaba has launched its Quark AI glasses in China, stepping into the competitive world of AI-powered wearables. These glasses, priced at 1, 899 yuan, are designed to look like regular eyewear, setting them apart from bulkier headsets. They run on Alibaba's Qwen AI model and app, offering features l
Alibaba Group Holding Ltd. stands as a symbol of China's economic landscape, showcasing both its strengths and weaknesses. The company's latest quarterly earnings reveal a lot about the country's two-speed economy, which is both robust and unstable. Let's start with the positives. Alibaba's cloud d
Alibaba's cloud business is growing fast. In the last quarter, it grew by 34%. This is a big deal because the company is investing heavily in AI. The company plans to spend at least 380 billion yuan on cloud computing and AI over the next three years. But not everything is going well. Alibaba's ove
In the tech world, Alibaba made a huge splash in late 2024. The Chinese giant saw its net profit skyrocket by 239% compared to the same time the previous year. This massive jump was largely due to the growth of its cloud services and a significant expansion in artificial intelligence over the past s
Alibaba has just revealed a new AI model, QwQ-32B-Preview, that's ready to challenge OpenAI's o1 in the "reasoning" AI race. Developed by Alibaba's Qwen team, this model boasts 32. 5 billion parameters and can handle prompts up to 32, 000 words long. It outperforms OpenAI's o1-preview and o1-mini on
China's biggest shopping day of the year, known as Singles' Day, started earlier this year and ended on a high note. Despite a slow retail environment, consumers spent more than expected, according to consulting executives. This shopping event, similar to Black Friday, kicked off on October 14 and w
You might have heard of the Miami Dolphins, but did you know that a billionaire named Joe Tsai could be their next big investor? Let’s get to know him better. Born in Taiwan, Joe is now a Canadian citizen with an impressive net worth of $9.8 billion. He's not just any wealthy guy; he co-founded Alib
