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Alibaba Leads Record Deal to Create $2.5 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 BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsFreddie Mercury’s...
United States Bloomberg Businessweek Tongyi Qianwen Eddie Wu Joseph Tsai Bloomberg Alibaba Group Holding Ltd
Source: yahoo.com

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Big Tech's Roaring Profit Machine Eases Fears of Rally Reversal

(Bloomberg) -- This earnings season has underlined that the big technology trade is here to stay, alleviating investor concerns that AI euphoria would falter after driving 2023’s market rally. Most Read from BloombergA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniNigeria Delivers Jumbo Rate Hike to Aid Its Battered NairaTreasuries Mixed Amid Another Flurry of Bond Sales: Markets WrapThe Magnificent Seven...
Abu Dhabi Abuz Aby United Arab Emirates City Of United Kingdom New York
Source: yahoo.com

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