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Alibaba To Invest A Massive $53 Billion In AI Infrastructure, Taking On Trump's Stargate AI Plan
Monday, February 24, 2025 - 4:37am | 557Alibaba Group Holding Ltd. (NYSE:BABA) has announced an investment of 380 billion yuan (nearly $53 billion) for its cloud computing and AI infrastructure, making it the largest private computing project to date. What Happened: on Monday, Alibaba announced its plans to invest an amount...
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China Tech ETFs Surge As DeepSeek-Led AI Boom Fuels Bull Market
Friday, February 7, 2025 - 4:47pm | 721As China's tech sector stages a strong comeback, investors are increasingly looking at ETFs as a way to gain exposure to this space. Whether it's internet giants, broad technology firms, or a mix of leading Chinese companies, ETFs offer a diversified way to take a bite of surrounding China's...
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China Issues New AI Guidelines Following Elon Musk's International Framework Remarks
Thursday, July 13, 2023 - 5:05am | 530In a significant move, China’s cyberspace regulator has issued temporary rules for generative AI services, marking a new phase in the country’s approach to regulating artificial intelligence, Reuters reports. This development comes just hours after Elon Musk stated that China is...