Alibaba posts 5% rise in quarterly revenue on AI, cloud computing momentum
Total revenue for the Hangzhou-based company reached 247.8 billion yuan (US$34.8 billion) for its financial second quarter ended…
Nvidia Shares Drop on Report of Google Challenge in AI Chips
(Bloomberg) — Nvidia Corp.’s stock slid after the Information reported that Meta Platforms Inc. was in talks to…
Apple leadership transition unlikely in near term; Tim Cook to decide retirement timing: Mark Gurman
Tim Cook, Apple’s CEO since 2011, is not expected to step down in the near future, according to…
Space Race With China Drives Antenna-Building Boom in Arctic
The Canadian government’s Inuvik Satellite Station Facility in the Northwest Territories. (Bloomberg) — Satellite operators are looking north. Way north.…
At Bloomberg Forum, PM Mitsotakis Showcases Greece’s Comeback to Global Investors
Prime Minister Kyriakos Mitsotakis sent a clear message to the international investment community during his appearance at the…
OpenAI Partner Foxconn Plans Multibillion-Dollar US AI Push
(Bloomberg) — Hon Hai Precision Industry Co. aims to spend an initial $1 billion to $5 billion growing…
Is The Dollar Dying Soon? | Economy
It is the product of years of accumulated unease that has now crossed a psychological tipping point. (AI…
US Plans to Approve Sale of Chips to Saudi AI Venture Humain
Guests stand at the booth of Saudi artificial intelligence company Humain during the Future Investment Initiative conference in…
China Dials Back Budget Spending by Most in Over Four Years
(Bloomberg) — China’s broad fiscal spending slumped in October by the most since at least 2021, crippling a…
AI Startup Turing Secures Denso’s Backing at $388 Million Value
(Bloomberg) — Japanese self-driving tech startup Turing Inc. raised about ¥15.3 billion ($99 million) from investors including Toyota…
Consumers Feel Pinch at Pump as Russia Drives Oil Refining Boom
The Valero Houston refinery. Valero Energy Corp. and Turkiye Petrol Rafinerileri AS have seen stellar rises, while Orlen…
China Property Loans of $1 Billion Risk Default in Latest Scare
(Bloomberg) — Banks in Asia are getting caught in the latest flare-ups in China’s real estate crisis, as…