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March 28 (Reuters) – Alibaba Group (9988.HK) plans to split its business into six main units, from e-commerce to cloud in the largest restructuring in its 24-year history, five of which it says are fundraising whether to explore IPOs. The six units are Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart … Read more
BEIJING, March 27 (Reuters) – Chinese search engine Baidu (9888.HK) on Monday shared pre-recorded videos of its AI-powered chatbot Ernie, which summarizes financial statements and produces PowerPoint presentations, among other industry-focused capabilities. According to images shared by a Baidu spokesperson in a media-focused group on WeChat, China’s most-used messaging service, the Chinese chatbot has a … Read more
BEIJING, March 27 (Reuters) – The founder of Alibaba (9988.HK), Jack Ma, has returned to China, the South China Morning Post (SCMP) reported Monday. the sober mood of China’s private companies. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021 and has been seen in photos in Japan, Australia and Thailand in … Read more
OTTAWA, March 24 (Reuters) – US President Joe Biden and Canadian Prime Minister Justin Trudeau presented a united front against authoritarian regimes on Friday as Biden visited the Canadian capital, days after the leaders of China and Russia held a summit in Moscow. Images of Biden and Trudeau standing side by side in Ottawa announcing … Read more
STOCKHOLM/LONDON, March 22 (Reuters) – Rapid technological developments such as the ChatGPT app for generative artificial intelligence (AI) are complicating efforts by European Union lawmakers to agree on groundbreaking AI laws, sources with close knowledge have said told Reuters of the case. The European Commission proposed the draft rules almost two years ago in an … Read more
March 21 (Reuters) – Nvidia Corp (NVDA.O) Chief Executive Jensen Huang unveiled new cloud computing services on Tuesday with Oracle Corp (ORCL.N) and others as it rolled out a range of new artificial intelligence technologies based on its chips and software. “AI’s iPhone moment has begun,” Huang said in the virtual keynote address at GTC, … Read more
NEW YORK, March 17 (Reuters) – US equities have gained an unexpected ally in recent days: a historic fall in bond yields. U.S. Treasury yields fell sharply this week, with some maturities marking the biggest declines in decades, as investors bet the Federal Reserve is likely to curb its aggressive rate hike to prevent the … Read more