Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
3 weeks, 6 days ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand has been for inference workloads—an essential component of AI model deployment. The company’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI demand driving business expansion Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70 per cent of new demand has been for inference workloads—an essential component of AI model deployment.

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History of this topic

AI-Run Funds, Four-Day Work Weeks: Investors Say Hype Is Real
2 weeks, 3 days ago

AI-Run Funds, Four-Day Work Weeks: Investors Say Hype Is Real

Live Mint  

-- Whether firms are investing in AI infrastructure or using it to trim fat out of their businesses, the message from some of the world’s top financial executives: Jump in or lose out. Goldman Sachs Group Inc. Chief Information Officer Marco Argenti said the bank’s private wealth division is using AI to evaluate portfolios and analyze dozens of underlying positions. …

Amazon Web Services to invest $8.2 billion in India in the next 4-5 years: IT minister Ashwini Vaishnaw
2 weeks, 5 days ago

Amazon Web Services to invest $8.2 billion in India in the next 4-5 years: IT minister Ashwini Vaishnaw

India Today  

Amazon Web Services, Amazon’s cloud computing arm, is planning to invest approximately $8.2 billion in Maharashtra over the coming years, the Ministry of Electronics and Information Technology announced on Monday. At its annual Smbhav event in December 2024, Amazon India’s country manager Samir Kumar announced that in four years, Amazon would be able to “digitise 10 million small businesses”, and …

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?
2 weeks, 5 days ago

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?

Live Mint  

US President Donald Trump is set to make an "investment announcement" at 1:30 p.m. TSMC’s growing investment in the US TSMC has been ramping up its US semiconductor production: In April, the company increased its planned U.S. investment to $65 billion, adding a third factory in Arizona by 2030. Major tech investments since Trump's return to office Since Trump's second …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
3 weeks, 6 days ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

China's Alibaba to invest $50 bn in AI, cloud computing
3 weeks, 6 days ago

China's Alibaba to invest $50 bn in AI, cloud computing

New Indian Express  

BEIJING: Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Investors have piled into Chinese technology stocks since the start of the year, with Alibaba -- which runs some of the country's biggest …

Alibaba CEO Wu Says AGI Is Now Company’s ‘Primary Objective’
1 month ago

Alibaba CEO Wu Says AGI Is Now Company’s ‘Primary Objective’

Live Mint  

-- Alibaba Group Holding Ltd.’s chief executive officer said the pursuit of artificial general intelligence is now the company’s “primary objective.” “Our first and foremost goal is to pursue AGI,” Eddie Wu told investors on a call after the company reported results that surpassed analyst estimates. “We aim to continue to develop models that extend the boundaries of intelligence.” The …

China’s Alibaba sees revenue surge on back of artificial intelligence, e-commerce
1 month ago

China’s Alibaba sees revenue surge on back of artificial intelligence, e-commerce

Associated Press  

HONG KONG — Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. In an earnings call, Alibaba CEO Eddie Wu said that Alibaba plans to “aggressively invest” in artificial intelligence and cloud computing infrastructure in the coming three years, with …

AI to get more expensive to build but significantly cheaper to use: Sam Altman
1 month, 1 week ago

AI to get more expensive to build but significantly cheaper to use: Sam Altman

Firstpost  

Altman explained that gains in AI performance still depend on substantial investments in training and infrastructure. However, he expects the cost for users to access AI services to drop by a factor of ten every year, which could drive widespread adoption Economically, Altman predicts that AGI will drive down the cost of many goods, although prices for luxury items and …

Watch: How Macron plans to meet Trump's Stargate AI challenge | Firstpost exclusive
1 month, 1 week ago

Watch: How Macron plans to meet Trump's Stargate AI challenge | Firstpost exclusive

Firstpost  

France’s President Emmanuel Macron laid out his plans to challenge US President Donald Trump’s Stargate initiative which aims to boost development in the Artificial Intelligence. In an exclusive conversation with Firstpost and France TV, Macron announced that Europe will be announcing a €109 billion investment in AI, which is equivalent to what the US announced with Stargate. “They are going …

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 2 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Amazon share price drops after key division misses earnings as investors get ‘jitters’ over AI spending
1 month, 2 weeks ago

Amazon share price drops after key division misses earnings as investors get ‘jitters’ over AI spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tech giant Amazon has seen …

Tech giants double down on their massive AI spending
1 month, 2 weeks ago

Tech giants double down on their massive AI spending

Live Mint  

Tech giants projected tens of billions of dollars in increased investment this year and sent a stark message about their plans for AI: We’re just getting started. “We think virtually every application that we know of today is going to be reinvented with AI inside of it," Amazon Chief Executive Andy Jassy said on Thursday’s earnings call. Here is a …

AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.
1 month, 2 weeks ago

AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.

Live Mint  

Artificial-intelligence evangelists such as Sam Altman want to reshape the world, but they need mountains of money to do it. Here’s a look at some of the big financial bets being placed in the new digital economy: Blue Owl builds a Stargate Stargate, a joint venture between Altman’s Open AI, Oracle and SoftBank, will start with a data center in …

DeepSeek vs Stargate Project: How AI spending is evolving, in charts
1 month, 2 weeks ago

DeepSeek vs Stargate Project: How AI spending is evolving, in charts

Live Mint  

Last month, US President Donald Trump announced the Stargate Project—a venture between OpenAI, SoftBank, Oracle and MGX that plans to invest up to $500 billion over four years to build new artificial intelligence infrastructure in the US. As per the Stanford AI Index Report 2024, OpenAI spent an estimated $78 million worth of compute resources to train GPT-4, while Google …

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report
1 month, 3 weeks ago

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report

Live Mint  

Masayoshi Son-led SoftBank Group is in talks to lead a funding round of up to $40 billion in ChatGPT maker OpenAI at a valuation of $300 billion, according to a Reuters report. News of the funding comes as a new Chinese AI startup, DeepSeek, has overtaken ChatGPT as the top free app on US app stores, shattering notions of American …

DeepSeek is disrupting American AI leadership
1 month, 3 weeks ago

DeepSeek is disrupting American AI leadership

Salon  

In most technologies, the U.S. is perceived as the global leader in tech innovation. DeepSeek, a Chinese AI startup, announced they had met or exceeded several of Open AI’s performance benchmarks, using fewer older processors at a cost of less than $6 million. Ultimately, DeepSeek-R1 achieves performance comparable to OpenAI-o1-1217 on a range of tasks.” DeepSeek also uses a smaller …

Stargate: Building super intelligence
1 month, 3 weeks ago

Stargate: Building super intelligence

The Hindu  

In 1941, faced with imminent threats from hostile Axis powers, U.S. President Franklin D. Roosevelt initiated a secret assignment known as the Manhattan Project. Announcing ‘Project Stargate’, a multi-billion-dollar initiative aimed at establishing a vast network of AI-optimised data centres and developing increasingly sophisticated generative AI models, Mr. Trump called it “the largest AI infrastructure project in history.” Through this …

Elon Musk has doubts about Trump's $500 billion AI plan: ‘They don’t actually have…’
Top News
2 months ago

Elon Musk has doubts about Trump's $500 billion AI plan: ‘They don’t actually have…’

Hindustan Times  

Elon Musk doubts whether companies opting for President Donald Trump's $500 billion AI infrastructure plan even have enough funds to make it happen. Known as ‘Stargate,’ the project involves OpenAI, Oracle, and SoftBank and is “the largest AI infrastructure project in history.” Executives from all three companies were present at the White House announcement. “They don’t actually have the money,” …

Explained: What is Stargate, Trump’s $500-billion AI push?
2 months ago

Explained: What is Stargate, Trump’s $500-billion AI push?

Firstpost  

US President Donald Trump has unveiled Stargate, an ambitious $500 billion AI project led by SoftBank, OpenAI, and Oracle. However, critics warn of potential risks tied to deregulation and power supply challenges US President Donald Trump delivers remarks on AI infrastructure, next to SoftBank CEO Masayoshi Son at the Roosevelt room at White House in Washington, US, January 21, 2025. …

The Stargate project: Donald Trump announces up to $500bn investment in AI project
2 months ago

The Stargate project: Donald Trump announces up to $500bn investment in AI project

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Donald Trump on …

Stargate: Trump aims to give AI a $500 bn infrastructure boost, says ‘want to keep it in the US’
2 months ago

Stargate: Trump aims to give AI a $500 bn infrastructure boost, says ‘want to keep it in the US’

Firstpost  

Trump said Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI, including the construction of ‘colossal data centers’ President Donald Trump announced on Tuesday a large investment in artificial intelligence infrastructure backed by Japanese conglomerate Softbank, cloud behemoth Oracle, and ChatGPT creator OpenAI. The company, known as Stargate, “will invest $500 …

Trump announces USD 500 billion AI initiative
2 months ago

Trump announces USD 500 billion AI initiative

Live Mint  

Washington, US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI. Together, these world-leading technology giants are announcing the formation of Stargate,” Trump announced on Tuesday at a White House news conference along with Oracle Chief Technology Officer Larry Ellison, Softbank …

Trump highlights Stargate partnership investing $500 billion in AI
Top News
2 months ago

Trump highlights Stargate partnership investing $500 billion in AI

The Hindu  

President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White …

Stargate: What is Trump’s new $500bn AI project?
2 months ago

Stargate: What is Trump’s new $500bn AI project?

Al Jazeera  

AI giants join forces for a massive project aimed at growing technology in the United States. Calling it the largest AI infrastructure project in history “by far”, Trump said the joint venture called Stargate will build data centres and create more than 100,000 jobs in the United States. Announcing The Stargate Project The Stargate Project is a new company which …

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure
2 months ago

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure

Al Jazeera  

US president says venture will be the largest AI infrastructure project in history ‘by far’. United States President Donald Trump has announced a $500bn joint venture with Texas-based tech firm Oracle, Japan’s SoftBank and ChatGPT-maker OpenAI to advance artificial intelligence infrastructure. Trump said the venture would be the largest AI infrastructure project in history “by far” and represented “a resounding …

Trump to announce up to $500 billion in AI infrastructure investment: Report
2 months ago

Trump to announce up to $500 billion in AI infrastructure investment: Report

Hindustan Times  

President Donald Trump is due to announce private sector investment of up to $500 billion to fund artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a Texas-based joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, the sources said. Trump …

Trump highlights partnership investing $500 billion in AI
2 months ago

Trump highlights partnership investing $500 billion in AI

Associated Press  

▶ Follow live updates on President Donald Trump’s return to Washington WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for …

‘Salesforce invests $500 million in AI innovation’
Trending News
2 months, 1 week ago

‘Salesforce invests $500 million in AI innovation’

The Hindu  

U.S.-based cloud software firm Salesforce on Thursday said its investment arm, Salesforce Ventures, in the last 18 months has deployed $500 million, half of the $1 billion it committed for AI innovation globally. Although the company didn’t disclose how much of these funds have come to AI start-ups in India, Salesforce chairperson and CEO Arundhati Bhattacharya said India was critical …

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development
2 months, 2 weeks ago

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

The Hindu  

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services, plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support AI-driven innovations and cloud services. This surge …

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
2 months, 2 weeks ago

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024

The Hindu  

Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year, compared to less than 10% a decade earlier. The enthusiasm …

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
2 months, 2 weeks ago

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India

Live Mint  

Microsoft plans to spend $3 billion over the next two years to expand its cloud and artificial-intelligence infrastructure in India, the latest in a string of investment pledges by U.S. tech giants amid booming AI computing needs. Microsoft Chief Executive Satya Nadella said at an event in Bengaluru, India, on Tuesday that the investment marks the company’s single largest expansion …

AI Startup Funding Hit a Record $97 Billion in 2024
Trending News
2 months, 2 weeks ago

AI Startup Funding Hit a Record $97 Billion in 2024

Live Mint  

-- Venture capitalists put $97 billion into artificial intelligence startups in the US last year — a new record in a year of multibillion-dollar megarounds for companies like Elon Musk’s xAI, OpenAI and Anthropic. Almost half of the total $209 billion raised by US startups last year went to AI companies, the research firm said, the highest portion on record. …

Microsoft to invest over $80 billion on specialised AI data centres in fiscal year 2025
2 months, 2 weeks ago

Microsoft to invest over $80 billion on specialised AI data centres in fiscal year 2025

Firstpost  

While Microsoft’s announced $80 billion investment in data centres all over the world, more than half of that amount will be directed towards data centres in the United States as the US continues to be a frontrunner in the global AI race, thanks to private capital investment Microsoft’s role as OpenAI’s primary backer has positioned it as a major player …

Broadcom’s AI success won’t all come at Nvidia’s expense
3 months ago

Broadcom’s AI success won’t all come at Nvidia’s expense

Live Mint  

There’s a new trillion-dollar AI chip maker in town. Broadcom’s fiscal fourth-quarter report last week included a long-term forecast for its artificial-intelligence business that has lighted up its stock price and pushed the company’s market capitalization past $1 trillion. It also appears to have done the opposite for Nvidia: The AI chip titan’s stock has shed about 4% over the …

Salesforce Posts Strong Revenue With Promise of AI Boost
3 months, 2 weeks ago

Salesforce Posts Strong Revenue With Promise of AI Boost

Live Mint  

-- Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results. Adjusted operating margin, a measure of profitability, was 33.1%, compared with an average estimate of 32.2% Salesforce, the top seller of customer relations management software, pivoted its AI strategy this year to focus on …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
3 months, 3 weeks ago

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development

Hindustan Times  

SoftBank is planning to buy $1.5 billion worth of OpenAI stock as its CEO Masayoshi Son looks to position the Japanese group as an artificial intelligence leader. SoftBank CEO Masayoshi Son has also publicly expressed admiration for OpenAI co-founder and CEO Sam Altman and said he frequently talks to him Son is doing this with an ambitious AI plan of …

Amazon develops video AI model: Report
3 months, 3 weeks ago

Amazon develops video AI model: Report

The Hindu  

E-commerce giant Amazon has developed new generative artificial intelligence that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday. The development of the new AI model will help Amazon reduce its reliance on Anthropic's Claude chatbot, a popular offering on Amazon Web Services, the report said, citing …

Amazon Invests an Additional $4 Billion in AI Firm Anthropic
3 months, 3 weeks ago

Amazon Invests an Additional $4 Billion in AI Firm Anthropic

Deccan Chronicle  

Amazon is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals. That deal included provisions that Anthropic use Amazon Web Services data centers for some of its computing needs, as well as AWS-designed AI chips. The latest investment “establishes AWS as our primary cloud and training partner,” Anthropic said in …

Amazon to invest an additional $4 billion in AI startup Anthropic
4 months ago

Amazon to invest an additional $4 billion in AI startup Anthropic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Amazon is investing an additional …

AI investments are booming, but venture-firm profits are at a historic low
4 months ago

AI investments are booming, but venture-firm profits are at a historic low

Live Mint  

Silicon Valley’s venture-capital firms are having an easy time finding promising startups to back. Last year, U.S. venture firms returned $26 billion worth of shares back to their investors, the lowest amount since 2011, according to the data provider PitchBook. “We’ve raised a lot of money, and we’ve given very little back," Thomas Laffont, co-founder of investment firm Coatue Management, …

AI startup funding hit a record in the L.A. area last quarter. Here’s who got the most money
4 months, 2 weeks ago

AI startup funding hit a record in the L.A. area last quarter. Here’s who got the most money

LA Times  

Anduril Industries co-founder Palmer Luckey is shown at the company’s Costa Mesa office last year. The region broke a record in the third quarter, capturing $1.8 billion in venture capital investment for AI startups with a total of 31 deals, according to a new report by research firm CB Insights. Anduril, which manufactures autonomous weapons systems, including submarine drones, has …

Tech Titans' AI Bets Paying Off: A Record Quarter for Cloud Businesses
4 months, 3 weeks ago

Tech Titans' AI Bets Paying Off: A Record Quarter for Cloud Businesses

Live Mint  

Tech giants are seeing the fruits of their massive investments in AI infrastructure, with revenue from cloud businesses at Amazon, Microsoft and Google reaching a total of $62.9 billion last quarter. This figure is up 22.2% from the same period last year and marked at least the fourth straight quarter in which their combined growth rate has increased.

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
4 months, 3 weeks ago

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 3 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

The big risk for the market: Becoming an AI echo chamber
7 months, 1 week ago

The big risk for the market: Becoming an AI echo chamber

Live Mint  

Whatever you think of it, generative artificial intelligence has proven adept at something: generating profits for other AI projects. Digging a bit further into the broad moniker of “AI firms," however, might also help explain the market’s recent concerns. The former group involves “AI implementation" firms that develop tools such as the large language models popularized by OpenAI’s ChatGPT since …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
8 months, 2 weeks ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for …

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value
8 months, 3 weeks ago

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value

NPR  

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value toggle caption Jenny Kane/AP NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. Amazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia …

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
8 months, 3 weeks ago

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

Associated Press  

NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold. Amazon now joins Google’s parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion. Most of the focus has been on business-focused products, …

Alibaba sees its Jan-March revenue up 7%
10 months, 1 week ago

Alibaba sees its Jan-March revenue up 7%

China Daily  

The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China's Zhejiang province. Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan during the January-March period, an increase of 7 percent year-on-year, while its net income reached 3.27 billion yuan, down 86 percent year-on-year. For the quarter ending on March …

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