Chinese tech giants Alibaba and Baidu have pulled out of the quantum computing race after shutting down their research units just over a month apart from each other. But experts say it would be premature to read this any marked cooling of China’s overall interest in quantum computing. Last November, the e-commerce and cloud computing …
The company continues to navigate market turbulence with tech advances By Yiannis Zourmpanos Summary Alibaba’s stock plunged 20% in 2023, dropping to around $73, echoing its price after the 2014 IPO. Despite the downturn, Alibaba maintains a robust financial status, with cash reserves accounting for one-third of its $186 billion market value. Under Eddie Wu’s …
In 2023, Alibaba Group Holding Ltd. (NYSE:BABA) witnessed a 20% drop in its stock value, plummeting to about $73, a price echoing its 2014 post-IPO period. This decline has left investors in a quandary, weighing the merits of holding onto their shares or seeking tax-loss harvesting opportunities. However, the share price has factored in these …
LLMs are deep-learning AI algorithms that can recognise, summarise, translate, predict and generate content using very large data sets. While the arrival of ChatGPT has spurred a frenzy among Chinese tech companies to develop domestic rivals, from Baidu’s Ernie Bot to Alibaba Group Holding’s LLM Tongyi Qianwen, the field is still led by US companies, …
Ryan Cohen, the billionaire investor who made a bold bet on GameStop, has taken over as executive chairman after the company ousted its CEO and posted disappointing quarterly results. Despite Cohen’s previous role as board chairman for two years, analysts are skeptical about his ability to turn the company around. GameStop’s net sales fell by …