Alibaba’s profit fell 75% as quarterly AI spending hit $10bn
Alibaba’s net profit fell 75% in the June quarter, to $1.54bn. The cause was not a weak business. It was the bill for building one. Capital spending reached $9.98bn in three months, up 75% on the same quarter last year, according to the results announcement. In the same accounts, the cloud unit that spending pays […]<br /> This story continues at The Next Web [...]
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Alibaba's AI video model rises to No. 2 in global rankings, as OpenAI's Sora and ByteDance's Seedance fall away
Alibaba Cloud on Sunday released HappyHorse 1.1, a major upgrade to its AI video generation model that the company says delivers production-ready video synthesis across core content creation scenarios [...]
Alibaba's Qwen3.7-Plus supports text, video and imagery inputs at low cost of $0.4/$1.6 per 1M token — but it's proprietary
Alibaba this week released Qwen3.7-Plus, the latest AI large language model (LLM) in its globally beloved and increasingly expansive Qwen family, boasting more multimodal capabilities and a 60% lower [...]
Did Alibaba just kneecap its powerful Qwen AI team? Key figures depart in wake of latest open source release
Alibaba's Qwen team of AI researchers have been among the most prolific and well-regarded by international machine learning community — shipping dozens of powerful generalized and specialized g [...]
Alibaba's proprietary Qwen3.7-Max can run for 35 hours autonomously and supports external harnesses like Anthropic's Claude Code
The AI industry has fully entered the "agent era," a paradigm where AI models do far more than generate text — they now actively plan, execute, and course-correct complex tasks over days r [...]
Micron is spending $10bn on a lab betting the memory cycle has changed
Micron is putting $10bn into a research lab built on the premise that AI has permanently changed what memory is worth. The company announced Micron Research Labs on Thursday, headquartered in Boise, I [...]
Alibaba's Qwen 3.5 397B-A17 beats its larger trillion-parameter model — at a fraction of the cost
Alibaba dropped Qwen3.5 earlier this week, timed to coincide with the Lunar New Year, and the headline numbers alone are enough to make enterprise AI buyers stop and pay attention.The new flagship ope [...]
Qwen3.8-Max arrives with a bold claim: it outperforms GPT-5.6 Sol Max and Fable 5 on agentic computer use
Chinese e-commerce and cloud giant Alibaba's famed Qwen team of AI researchers last night unveiled Qwen3.8-Max, a new flagship 2.4-trillion-parameter mixture-of-experts (MoE) multimodal large lan [...]
Finland’s ICEYE hits a €10bn valuation, quadrupling in six months as Europe scrambles for its own spy satellites
Six months ago, ICEYE was worth €2.4bn. Today it is worth more than €10bn. Few numbers capture Europe’s defence-tech boom as bluntly as that. The Finnish satellite company has raised €450mn in [...]