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HP’s decline in PC shipments overshadows strong results; shares fall
9+ hour, 29+ min ago (299+ words) Aug 26 (Reuters) – HP said on Wednesday its personal computer unit shipments declined in the third quarter, overshadowing the company’s strong results and sending its shares down 10% in extended trading. Its total PC shipments dropped 16% for the quarter ended July 31, even…...
Alibaba’s Qwen launches Qwen3.8-Flash AI model with lower training costs
14+ hour, 35+ min ago (205+ words) BEIJING, Aug 26 (Reuters) – Alibaba’s Qwen has released a new multimodal model, Qwen3.8-Flash, that delivers stronger coding and office-task performance while cutting training costs, it said in a statement on Wednesday published on social media. • As e-commerce growth stagnates, AI has…...
Exclusive-China???s Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing, sources say
21+ hour, 44+ min ago (569+ words) BEIJING/SINGAPORE, Aug 26 (Reuters) – China’s Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon and Alphabet’s Google that would allow the U.S. cloud giants to host its blockbuster Kimi K3 model, three people familiar with the talks said. Any deal…...
Alibaba launches Wan3.0 AI video model after $10 billion share sale
2+ day, 21+ hour ago (153+ words) BEIJING, Aug 24 (Reuters) – Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. • The new model can generate 30-second videos from…...
Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan
3+ day, 3+ hour ago (117+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan SHANGHAI, Aug 24 (Reuters) – Hong Kong-listed shares of Alibaba are set to open 8% lower on Monday after…...
Alibaba shares fall 8% after $10 billion Hong Kong share sale
3+ day, 3+ hour ago (241+ words) Aug 24 (Reuters) – Alibaba shares fell 8% in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development. The Chinese e-commerce and cloud…...
OpenAI cuts developer pricing for frontier GPT-5.6 Sol model by more than 20%
5+ day, 8+ hour ago (210+ words) Aug 21 (Reuters) – OpenAI said on Friday it is cutting the prices of its frontier GPT-5.6 Sol model for developers by more than 20% for the next three months, as the ChatGPT maker faces growing competition from Anthropic and Chinese AI models....
Ken Griffin’s Citadel sheds over $4 billion of Situational Awareness’ bets
5+ day, 12+ hour ago (316+ words) By Anirban Sen and Arasu Kannagi Basil Aug 21 (Reuters) – Billionaire investor Ken Griffin’s Citadel has shed more than 80%, or $4 billion of bets, from the original portfolio of Leopold Aschenbrenner’s Situational Awareness that it recently purchased, according to a letter to…...
Wall St set for higher open but weekly losses loom
5+ day, 19+ hour ago (542+ words) By Avinash P and Purvi Agarwal Aug 21 (Reuters) – The main U.S. indexes were set for a recovery on Friday after a pummeling in the previous session, though markets remained on track to end the week in the red as surging…...
Payments firm Stripe to buy marketplace OpenRouter in AI push
1+ week, 11+ hour ago (338+ words) Aug 19 (Reuters) – Payments firm Stripe said on Wednesday it has agreed to buy OpenRouter, which helps businesses route and optimize token usage, at an undisclosed value, its latest bet on the fast-growing AI industry. The deal comes as soaring bills…...