A Rivian logo on an Amazon.com delivery electric van photographed in Chicago, Illinois, on July 21, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Discover the latest market movers during midday trading. Alibaba — U.S. shares of the Chinese company surged 8.8% in afternoon trading. Earlier on Friday, Reuters reported that Alibaba’s affiliate company, …
The Hangzhou-based Ant Group faced regulatory scrutiny that led to the abrupt suspension of its massive IPO plans in 2020. Vcg | Visual China Group | Getty Images China’s central bank imposed a 7.12 billion yuan fine ($985 million) on Ant Group, an affiliate of Alibaba, on Friday. The People’s Bank of China cited violations …
At the World Artificial Intelligence Conference (WAIC) in Shanghai, China on July 6, 2023, the Alibaba Group sign is prominently displayed. Photo Credit: Aly Song | Reuters On Friday, Alibaba, the Chinese technology giant, launched an advanced artificial intelligence (AI) tool called Tongyi Wanxiang. This tool has the capability to generate images from user prompts. …
Japan, known for its innovative technology, is currently falling behind in the race to develop generative artificial intelligence algorithms. Generative AI has become a hot topic in the tech industry, with the potential to significantly boost global GDP. However, Japan is trailing behind the US, China, and Europe in terms of large language model (LLM) …
A woman tries out augmented reality (AR) glasses at Xreal’s booth at Mobile World Congress (MWC) Shanghai 2023. Vcg | Visual China Group | Getty Images BEIJING — Xreal, a startup backed by Alibaba, announced that it expects to ship 200,000 units of its augmented reality glasses in the near future, less than a year …
Witnessing the grand opening of Rivian’s new storefront in the Meatpacking District of Manhattan on June 23, 2023, is truly an electrifying experience. The presence of this electric truck maker has created a buzz in the city that never sleeps. Spencer Platt | Getty Images Discover the latest updates from top companies during midday trading. …
Displayed on a smartphone screen, the Tesla, Inc. logo captures attention in this photo illustration. Rafael Henrique | Lightrocket | Getty Images Discover the latest news from companies in premarket trading. Tesla saw a nearly 7% surge in its stock after exceeding Wall Street’s expectations for second-quarter delivery and production numbers. The company experienced an …
Alibaba’s Freshippo, also known as Hema, supermarkets have gained popularity for their exceptional selection of fresh seafood. Now, Alibaba has ambitious plans to take Freshippo public and expand its presence. Image credit: Costfoto | Future Publishing | Getty Images Alibaba’s grocery unit Freshippo is expanding its physical store footprint in China, as the company prepares …
Baidu, the Chinese technology giant, has introduced its own chatbot called Ernie Bot, aimed at rivaling OpenAI’s ChatGPT. According to Baidu, its artificial intelligence model outperforms ChatGPT in several key areas. The Ernie Bot has been undergoing public testing in China since its announcement in March. Based on Baidu’s foundational AI model, Ernie, which is …
JD.com, the Chinese e-commerce giant, has established a new division called “Innovative Retail” that will oversee its grocery business, 7Fresh. This move comes as the company undergoes a management reshuffle. In addition to 7Fresh, the Innovative Retail unit will also include JD’s group buying unit, Pinpin. Yan Xiaobing, a company veteran who previously led JD’s …