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Search resuls for: "Alibaba Cloud"


19 mentions found


☆ Oracle's cloud business, which runs TikTok, could be hurt the most from Biden's new proposed restrictions for China
  + stars: | 2023-07-06 | by ( Julie Bort | ) www.businessinsider.com   time to read: +4 min
Most US cloud companies won't be too hurt except perhaps Oracle, which runs TikTok. US cloud computing companies are about to be the latest target in the discord between the Biden administration and China. That loophole involves cloud computing companies. They merely have to pay for cloud computing services offered by the largest cloud providers. Chinese companies have plenty of local cloud providers to use for their cloud computing needs, like Tencent and Alibaba Cloud.
Persons: Biden, Bernstein, Mark Moerdler, Moerdler, Moerdler isn't, Ampere, Larry Ellison, Joe Biden, Julie Bort Organizations: Morning, Oracle, Wall Street, Amazon Web Services, Google, Microsoft, TikTok, Nvidia, supercomputing, AMD, Twitter Locations: China, Beijing
☆ Alibaba appoints Joseph Tsai, Eddie Wu to succeed Daniel Zhang as chairman and CEO
  + stars: | 2023-06-20 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —Joseph Tsai, executive vice chairman and cofounder of Alibaba Group, will succeed Daniel Zhang as chairman, according to an announcement by the Chinese tech giant on Tuesday. Eddie Wu, chairman of Alibaba’s e-commerce platform Taobao and Tmall Group, will succeed Zhang as chief executive officer and replace him on the company’s board of directors. Following the transition, Zhang will continue to serve as the chairman and CEO of Alibaba’s cloud unit. “I am grateful for the trust of the Alibaba Group board of directors and am honored to succeed Daniel as Alibaba’s CEO,” he said. Zhang was appointed by Alibaba as CEO in May 2015, eight years after he joined the company.
Persons: Hong Kong CNN — Joseph Tsai, Daniel Zhang, Jack Ma, Eddie Wu, Zhang, ” Zhang, Wu, “, Daniel, ”, Alibaba, Ma, Masa Son Organizations: Hong Kong CNN, Alibaba, Alibaba’s, Tmall, Alibaba Cloud Intelligence Group, Ant Group, Alibaba Group, University of Hong Kong, University of Tokyo Locations: Hong Kong, Beijing, Japan, China
☆ 'When we meet again, may we all be carefree': Read the outgoing Alibaba CEO's memo to staff
  + stars: | 2023-06-20 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +5 min
Read the full memo Zhang sent to Alibaba employees:My fellow Aliren,Since becoming CEO of Alibaba Group in May 2015, it has become my custom to send several letters to everyone every year. In turn, the Alibaba board of directors has appointed Joseph C. Tsai to succeed me as Chairman and Eddie Yongming Wu to succeed me as Chief Executive Officer. Time flies, and this year marks my 16th year at Alibaba Group. My appointment as CEO and Chairman of Alibaba Group was beyond my imagination. Daniel ZhangAlibaba Group Chairman and CEOAlibaba Cloud Intelligence Group Chairman and CEO2023.6.20
Persons: Zhang, Alibaba, Joseph C, Tsai, Eddie Yongming Wu, Joe, Eddie, hopefuly, Daniel Zhang Alibaba, 2023.6.20 Organizations: CNBC, Alibaba Group, Cloud Intelligence, Cainiao Smart Logistics, Cloud Intelligence Group, Alibaba Locations: Alibaba
☆ Alibaba begins rollout of its ChatGPT-style tech as China A.I. race heats up
  + stars: | 2023-06-01 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Alibaba on Thursday began rolling out its ChatGPT-style technology as Chinese tech giants look to take a lead in the country's artificial intelligence race. It has gone viral, sparking huge interest in the area of generative AI, the technology which underpins ChatGPT. Last month, Alibaba revealed Tongyi Qianwen, its large language model — a system that is trained on huge amounts of data in order to recognize and generate content. Alibaba's cloud computing division, which is leading the AI charge for the company, said Thursday that Tongyi Qianwen will be integrated into a digital assistant called Tingwu.
Persons: Alibaba, Tongyi Qianwen, Tongyi Tingwu Organizations: Alibaba, U.S
☆ Alibaba to cut 7% of workforce in its cloud unit as it pursues IPO for the division
  + stars: | 2023-05-23 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Alibaba is cutting 7% of the workforce in its cloud computing division as the unit gears up for an initial public offering. Last week, the company announced plans for a full spin-off of its cloud computing unit and said it intends for the division to become an independent publicly listed company. Alibaba's CEO Daniel Zhang has long-seen cloud computing as a key part of the e-commerce giant's future but it currently accounts for just 9% of the group's total revenue. TikTok owner ByteDance began moving its international operations off of Alibaba's cloud which continues to weigh on the company's cloud business.
Persons: Alibaba, Daniel Zhang, Zhang, ByteDance Organizations: Alibaba, CNBC, Synergy Research, Microsoft, Google Locations: China, Asia, Pacific
☆ Alibaba misses revenue estimate, approves cloud unit spinoff
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +3 min
"We would love nothing more than to see one of these little Alibabas...becoming another big Alibaba, as big as the group company is right now," said Alibaba Group chairman Daniel Zhang on an earnings call. Alibaba logged revenue of 208.20 billion yuan ($30.12 billion) for the three months ended in March, compared with a Refinitiv consensus estimate of 210.3 billion yuan. Net income attributable to ordinary shareholders was 23.52 billion yuan for the quarter, reversing a year earlier loss of 16.24 billion yuan. Revenue for Alibaba's cloud division in the recent quarter was 18.6 billion yuan, down 2% year-on-year. The company has opened up registration to test the technology to enterprise customers of Alibaba Cloud.
☆ Alibaba plans to list cloud division as quarterly revenue misses expectations
  + stars: | 2023-05-18 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
In this article BABABABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty ImagesAlibaba announced plans to spin off its cloud division as a separate, publicly traded company, while the e-commerce titan's quarterly revenue missed expectations. In its Thursday report, Alibaba said it plans to spin off its cloud division as a newly listed company, subject to restructuring certain assets, liabilities and contracts, and regulatory approvals. Dan Ives, an analyst at Wedbush Securities, said Alibaba's cloud spin-off plan was a "no brainer strategic move that we believe adds to the sum of the parts valuation on BABA." "We believe this was a step in the right direction for the Alibaba story," Ives told CNBC in emailed comments Thursday.
☆ A sustainable planet is possible with the help of cloud tech. Here's how an Asian partnership is working toward the future.
  + stars: | 2023-05-03 | by ( Sponsor Post | Created Insider Studios With Tata Communications | ) www.businessinsider.com   time to read: +6 min
Alibaba Cloud, in partnership with Tata Communications, is developing digital solutions for a sustainable future. Alibaba Cloud's partnership with Tata Communications is built on a mutual understanding of the critical importance of sustainability for everyone. The partnership between Alibaba Cloud and Tata Communications has helped build a robust and elastic cloud infrastructure. "Seamless and intelligent hyperconnected ecosystems are how we power cloud giants like Alibaba Cloud to do what they do best." Together, Alibaba Cloud and Tata Communications are creating a futuristic vision for how businesses and people can live, work, and communicate.
☆ China's A.I. chatbots haven't yet reached the public like ChatGPT did
  + stars: | 2023-04-28 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
Baidu CTO Wang Haifeng speaks at the unveiling of Baidus AI chatbot Ernie Bot at an event in Beijing on March 16, 2023. Those restrictions haven't stopped the Chinese press and social media in general from talking frequently about ChatGPT and AI tech. So far, publicly available figures indicate similar AI products in China are not as widely available. Kunlun claims Tiangong is the only chatbot in China with training metrics at the level of ChatGPT. Some in the industry also expect such AI tools will be easier to commercialize for business products than for public tools such as search.
☆ Asian shares sink on banking jitters, US economic concerns
  + stars: | 2023-04-27 | by ( Stella Qiu | ) www.reuters.com   time to read: +4 min
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) were 0.3% lower on Thursday, while Japan's Nikkei (.N225) lost 0.4%. Data showed that new orders for key U.S.-manufactured capital goods fell more than expected in March, suggesting that business spending on equipment was likely a drag on economic growth in the first quarter. Wells Fargo lowered its forecast for U.S. GDP growth by 100 basis points to a 0.8% rise. The dollar index , which measures the currency against six major rivals, dropped to 101.4 on fresh concerns over a U.S. slowdown. U.S. crude futures edged up 0.3% to $74.5 per barrel, while Brent crude futures rose 0.5% to $78.09 per barrel.
☆ Alibaba Cloud cuts prices by up to 50% for core, storage products - Securities Times
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: 1 min
BEIJING, April 26 (Reuters) - Alibaba Cloud has cut prices for its core and storage products by up to 50%, Securities Times reported on Wednesday. The price cuts are aimed at expanding its user base and market penetration, the report said. Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
☆ US official says Chinese cloud companies like Huawei could pose threat
  + stars: | 2023-04-26 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
WASHINGTON, April 26 (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud (9988.HK) could pose a threat to U.S. security and vowed to review a request to add them to an export control list. A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Technologies Co's (HWT.UL) cloud unit, Alibaba Cloud and other Chinese cloud service providers. They want Raimondo to add the companies to the Entity List, which imposes U.S. export controls on foreign companies. Raimondo said the Chinese cloud companies could pose a threat. In May 2019, the Commerce Department added Huawei to the export control list over U.S. security concerns.
☆ Biden should sanction Huawei Cloud, other Chinese firms -senators
  + stars: | 2023-04-25 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
WASHINGTON, April 25 (Reuters) - A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Cloud and other Chinese cloud service providers, citing national security concerns, according to a letter seen by Reuters. The senators said Huawei Cloud launched its "Sky Computing Constellation" in co-sponsorship with Changsha Tianyi Space Science and Technology Research Institute also known as "Spacety China" in 2021. Alibaba Cloud, a subsidiary of Alibaba Group Holding Ltd (9988.HK), did not immediately comment. Reuters reported in January 2022 that the Biden administration was reviewing the cloud business of e-commerce giant Alibaba to determine whether it poses a risk to U.S. national security. The letter said the Biden administration should consider further investigation or actions against China’s other cloud service providers including Baidu Cloud and Tencent Cloud which may impact U.S. national security.
☆ Alibaba shares tumble after SoftBank reportedly sells most of its stake
  + stars: | 2023-04-12 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +2 min
Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Alibaba shares dropped nearly 3% in after-hours trading after regulatory files revealed that SoftBank has sold a majority of its stake in the company. SoftBank has sold roughly $7.2 billion worth of shares in the Chinese ecommerce giant via prepaid forward contracts, according to an analysis of the corporate filings by The Financial Times, published on Wednesday. Because of the sales, the report noted that SoftBank will now only maintain a 3.8% stake in Alibaba, which has a market cap over nearly $250 billion. It was only about three years ago that SoftBank maintained a nearly 25% stake in the tech giant worth over $100 billion.
☆ Alibaba unveils Tongyi Qianwen, an AI model similar to GPT
  + stars: | 2023-04-11 | by ( Josh Horwitz | ) www.reuters.com   time to read: +1 min
[1/2] The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas PeterSHANGHAI, April 11 (Reuters) - Alibaba Group Holding Ltd (9988.HK) on Tuesday unveiled Tongyi Qianwen, an AI large language model similar to GPT that it plans to integrate into all of the company's business applications in the near future. Alibaba Cloud plans to open Tongyi Qianwen to its clients so they can build their own customized large language models. Others including Alphabet Inc's Google (GOOGL.O) and Baidu Inc (9888.HK) have since promoted their AI models and released similar chatbots. Tongyi Qianwen is based on Tongyi, Alibaba's proprietary pre-trained model framework that unifies various AI models.
☆ Alibaba to roll out its rival to ChatGPT across all its products
  + stars: | 2023-04-11 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +1 min
In this article BABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty ImagesStock Chart Icon Stock chart icon Alibaba set to release its rival to ChatGPTAt the 2023 Alibaba Cloud Summit, the company said it will be rolling out the artificial intelligence-powered chatbot into all Alibaba products from enterprise communication to e-commerce in "the near future." It did not reveal a timeline. "We are at a technological watershed moment driven by generative AI and cloud computing, and businesses across all sectors have started to embrace intelligence transformation to stay ahead of the game," said Daniel Zhang, chairman and CEO of Alibaba Group and CEO of Alibaba Cloud Intelligence, in a statement. Alibaba first told CNBC it was working on a ChatGPT rival in February.
☆ China's Alibaba invites businesses to trial AI chatbot -media
  + stars: | 2023-04-07 | by ( ) www.reuters.com   time to read: +2 min
Alibaba has opened up registration for businesses to conduct testing for its AI application, STAR Market reported without specifying details. Alibaba Cloud did not respond immediately to an emailed request for comment. A formal launch is expected at an Alibaba Cloud event on Tuesday. Others to have joined the AI chatbot race include Baidu Inc (9998.HK), with its Ernie Bot application open only to trial users at the moment. Last week Alibaba announced that it will restructure into six standalone divisions, each with its own board and CEO.
☆ American Cloud Companies Face Challenge From China in Southeast Asia
  + stars: | 2023-02-13 | by ( Raffaele Huang | ) www.wsj.com   time to read: 1 min
China’s Alibaba Cloud has pledged a new investment of $1 billion to support its global partners in the coming three years. SINGAPORE—U.S. cloud-computing companies, dominant globally, are facing intensifying competition from upstart Chinese rivals in Southeast Asia, offering a head-to-head look at how the two geopolitical rivals’ corporate champions stack up in a key technology. China’s Alibaba Group Holding Ltd., Huawei Technologies Co. and Tencent Holdings Ltd. are planning to invest hundreds of millions of dollars in Southeast Asia in the coming years.
☆ Amazon, Microsoft, Google Pressured by Chinese Cloud Rivals in Southeast Asia
  + stars: | 2023-02-13 | by ( Raffaele Huang | ) www.wsj.com   time to read: 1 min
China’s Alibaba Cloud has pledged a new investment of $1 billion to support its global partners in the coming three years. SINGAPORE—U.S. cloud-computing companies, dominant globally, are facing intensifying competition from upstart Chinese rivals in Southeast Asia, offering a head-to-head look at how the two geopolitical rivals’ corporate champions stack up in a key technology. China’s Alibaba Group Holding Ltd., Huawei Technologies Co. and Tencent Holdings Ltd. are planning to invest hundreds of millions of dollars in Southeast Asia in the coming years.
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