Alibaba Unveils Big Cloud Price Cuts as AI Rivalry Deepens

Alibaba Unveils Big Cloud Price Cuts as AI Rivalry Deepens

(Bloomberg) — Alibaba Group Holding Ltd. is rolling out its second major price cut for cloud services in years, aiming to win back users from rivals like Tencent Holdings Ltd. competing to provide the tools critical to training artificial intelligence. Most Read from Bloomberg The Chinese internet pioneer will slash prices starting Thursday on scores …

Read more

Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm

Alibaba Leads Record Deal to Create .5 Billion China AI Firm

(Bloomberg) — Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizeable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth. Most Read from Bloomberg Alibaba joins Tencent Holdings Ltd. and Silicon Valley peers like Microsoft …

Read more

Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones

Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty Images SeongJoon Cho | Bloomberg | Getty Images Baidu …

Read more

AI boom fails to propel China’s cloud market growth

AI boom fails to propel China’s cloud market growth

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — Excitement over artificial intelligence isn’t yet fueling a boom in cloud services spending in mainland China. “The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive …

Read more

Microsoft’s president meets with the Chinese government to talk A.I.

Microsoft’s president meets with the Chinese government to talk A.I.

Microsoft President Brad Smith met with China’s Minister of Commerce Wang Wentao to discuss topics ranging from artificial intelligence to trade relations between Washington and Beijing. The meeting underscores China’s attempt to show it remains favorable to American businesses amid continued tensions with the U.S. and as it looks to reinvigorate its economy. The statement …

Read more