Alibaba Group Holding’s New York-listed stock gained 5 per cent in pre-market trading after it posted a surprise increase in its September quarter net profit, as strong growth in its cloud computing and offshore e-commerce businesses offset the fall in domestic retail sales caused by China’s consumption slump. Net income surged 58 per cent to … Read more
Opinions expressed by Entrepreneur contributors are their own. Migrating to Amazon Web Services (AWS) is a journey. It often feels daunting to start this journey, but it doesn’t have to be. With this article, I will run through five key strategies that when used in isolation, as well as when combined, will go a long … Read more
TikTok’s Chinese parent ByteDance plans to develop an artificial intelligence (AI) model trained primarily with chips from compatriot Huawei Technologies, said three people familiar with the matter, as US curbs turn the social media giant homeward in search of chips. ByteDance has diversified to domestic suppliers of chips used in artificial intelligence and accelerated development … Read more
“Huawei has years of experience with its own intelligent transformation, and we’ve been helping a wide range of industries go intelligent, too,” Xu said in his keynote speech at Thursday’s opening of the Huawei Connect 2024 event, which runs until Saturday in Shanghai. The 57-year-old Xu is set to complete a six-month stint as the … Read more
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images … Read more
AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such as Taobao and Tmall. Alibaba’s June quarter was a mixed bag. The company reported 4 per cent year-on-year revenue growth to 243.2 billion yuan (US$33.5 … Read more
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer. … Read more
“Over the past year, we have dedicated significant efforts to researching and enhancing the reasoning capabilities of large language models, with a particular focus on their ability to solve arithmetic and mathematical problems,” the Qwen team, part of Alibaba’s cloud computing unit, said in a post published on developer platform GitHub on Thursday. Alibaba owns … Read more
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Starting from August 1, starting bids for domain names on Alibaba Cloud will be raised to 199 yuan for “.com” addresses and 99 yuan for other top level domains, the company said in a statement published on its official website on Saturday. Hangzhou-based Alibaba owns the South China Morning Post. Alibaba Cloud’s auction platform allows … Read more
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