China has emerged as the dominant force in generative artificial intelligence (AI) patents, outpacing global competitors by a significant margin, according to a new report from the World Intellectual Property Organization (WIPO). The study reveals that Chinese inventors filed over 38,000 GenAI patents between 2014...
The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility...
Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently the result of the U.S. government’s restrictions on cloud and artificial intelligence (AI) technology imports to China. “Given the uncertainties...
China’s Alibaba Group is reportedly planning to take its logistics business public. The tech giant is in discussions with banks for an initial public offering (IPO) for its Cainiao Smart Logistics Group on the Hong Kong market, Bloomberg News reported Thursday (March 30), citing people...
March 15, 2017
Who said that money transmitters with large physical footprints weren’t sexy? In a turn of events — surprising enough that if it had happened two weeks from now we might have been tempted to write it off as an April Fool’s joke — Euronet has thrown in an unsolicited bid to acquire MoneyGram. Divulged yesterday morning, the […]
November 15, 2024
Alibaba Group saw its offerings in artificial intelligence (AI) drive growth in both its retail and its cloud businesses during the quarter ended Sept. 30. “This quarter, our core business segments maintained steady growth guided by our user-first, AI-driven strategy,” Alibaba Group CEO Eddie Wu said Friday (Nov. 15) during the company’s quarterly earnings call. In […]
March 14, 2024
The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the online marketplace’s management and mitigation...
November 16, 2023
Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently the result of the U.S....
March 30, 2023
China’s Alibaba Group is reportedly planning to take its logistics business public. The tech giant is in discussions with banks for an initial public offering (IPO) for its Cainiao Smart...