Alibaba’s AI Push Comes at a Cost, Profits Drop 66%
Alibaba reported a sharp profit decline and missed revenue expectations, as heavy AI and cloud investments impacted quarterly results.
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Alibaba reported a sharp profit decline and missed revenue expectations, as heavy AI and cloud investments impacted quarterly results.
Meta will shut down the VR version of Horizon Worlds and transition the platform to mobile-only. The move reflects a broader shift away from metaverse investments toward AI.
Crypto.com is cutting 12 percent of its workforce as it shifts toward AI-driven operations, reflecting a broader trend across tech and crypto firms.
The UK government is considering mandatory labels for AI-generated content as part of broader efforts to address disinformation and copyright challenges.
BMG sues Anthropic over alleged use of copyrighted lyrics in AI training, adding to growing legal pressure on generative AI companies.
Anthropic conducted a large-scale global study to understand how users perceive AI, revealing diverse expectations, benefits, and concerns shaping real-world adoption.
Sahara AI and Microsoft introduced MATHVISTA, an open-source benchmark designed to evaluate AI reasoning and decision-making. The tool is gaining traction across major tech institutions.
Meta has introduced a desktop version of Manus, enabling its AI agent to operate directly on users’ devices. The move intensifies competition in the fast-growing AI agent market.
An anonymous AI model called Hunter Alpha has surfaced online, prompting speculation that it may be an early test of DeepSeek’s upcoming system. Its advanced capabilities and similarities to rumored specifications have drawn attention from developers.
Chinese AI stocks jumped after Nvidia CEO Jensen Huang praised OpenClaw as “the next ChatGPT,” boosting companies building agent-based AI systems.
Messari’s CEO Eric Turner stepped down as the company cut staff and repositioned itself as an AI-first platform focused on institutional clients.
OpenAI is preparing a strategic pivot toward coding and enterprise users, as leadership evaluates which projects to scale back after a period of rapid expansion.
Visa and Coinbase are developing payment infrastructure for AI agents as machine-to-machine transactions emerge as a new internet economy model.
ByteDance has reportedly paused the global rollout of its Seedance 2.0 AI video generator after viral clips sparked backlash from Hollywood studios over intellectual property concerns.
OpenAI is reportedly negotiating with TPG, Advent, Bain, and Brookfield to create a $10 billion joint venture aimed at deploying its enterprise AI tools across private equity portfolio companies.