Companies
Alibaba prices a HK$80 billion share placement for AI investment
The announced placement comprises 710 million new shares at HK$112.70, with proceeds earmarked for AI capabilities.
Companies.
The businesses turning research into products and platforms.
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Companies
Alibaba reports higher AI capital spending as quarterly net income falls
June-quarter capital expenditure rose 75% to RMB 67.68 billion while net income fell 76%, according to reported results.
Companies
Report: ByteDance reorganizes Seed around data, reinforcement learning and products
A reported restructuring separates work-oriented and chat-oriented post-training teams.
Companies
Kling's quarterly revenue exceeds RMB 850 million in reported results
Kuaishou's video-generation business grew more than 200% year over year, according to the financial report.
Companies
Banma interview describes a move from cockpit assistants to vehicle agents
Banma describes a vehicle-agent roadmap combining on-device models, tools and cloud services; specific feature availability still depends on the automaker and software version.
Companies
Baidu reports GPU-cloud growth and sets an ERNIE performance ambition
Management says it aims to return ERNIE to the industry's top tier while continuing model investment.
