Baichuan AI raised RMB5 billion in its Series A financing round, with investors including$BABA-SW(09988.HK)$,$TENCENT(00700.HK)$,$XIAOMI-W(01810.HK)$, and state-owned industrial investment funds like the Beijing and Shanghai Artificial Intelligence Industry Investment Funds. The company plans a Series B round with a valuation of RMB20 billion. Founded last year by Wang Xiaochuan, the creator of Sogo...
Alibaba Cloud announced its ongoing support for the Olympic Games' digital transformation, partnering with the International Olympic Committee (IOC) since 2017. This year, Alibaba Cloud will use AI technology to transform sports footage archiving and restore and colorize footage from the 1924 Paris Olympics. This initiative aims to allow viewers to fully experience and relive Olympic history. $ALIBABA GROUP HOLDING LTD(BABAF.US)$$Alibaba(BABA.US)$$BABA-SW(09988.HK)$
Here are Wednesday’s biggest calls on Wall Street: RBC upgrades Estee Lauder$Estee Lauder(EL.US)$to outperform from sector perform RBC said it sees an attractive risk/reward. “We are upgrading EL shares to Outperform. At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable.” Morgan Stanley reiterates Tesla$Tesla(TSLA.US)$as overweight Morgan Sta...
The New York Times alleged earlier in a report that BABA founder Jack Ma has investment ties with businessman Xiao Jianhua. BABA responded to the report in a statement on website, arguing that the New York Times has made false and unsubstantiated insinuations about the group and its companies based on documents of dubious legality. The article contradicted facts contained in public documents and company records. BABA questioned the ...
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