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Alibaba Shares Soar as CEO Vows to Increase AI Spend

On Wednesday, the shares of Chinese tech giant Alibaba climbed 9% after the company’s CEO promised to allocate even more resources to AI development in a bid to stay ahead in the race with various tech firms, both local and foreign. Eddie Wu made these remarks while launching Qwen3-Max, the company’s latest and largest AI … Continue reading “Alibaba Shares Soar as CEO Vows to Increase AI Spend”

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TrillionDollarBreaks – Amazon.com Inc. (NASDAQ: AMZN) May Deepen Anthropic Ties with Additional Multi-Billion Dollar Investment

Amazon.com (NASDAQ: AMZN) is reportedly weighing another multibillion-dollar investment in artificial intelligence startup Anthropic, according to a July 10 Financial Times report. This potential follow-on commitment would build on Amazon’s prior $4 billion pledge and reflects growing competition in the AI infrastructure space against peers like Microsoft and Google. Anthropic, known for its Claude chatbot, … Continue reading “TrillionDollarBreaks – Amazon.com Inc. (NASDAQ: AMZN) May Deepen Anthropic Ties with Additional Multi-Billion Dollar Investment”

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