Alibaba shares fall 3% as AI spending drives 75% drop in net income
China’s Alibaba on Thursday posted a 75% fall in profits for the June quarter as AI spending weighed…
SoftBank posts $46 billion gain at Vision Fund driven by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in…
Heineken to slash up to 6,000 jobs in AI ‘productivity savings’
An employee checks a Heineken beer bottle on a packaging conveyor at the Heineken NV brewery in Zoeterwoude,…