#alibaba

#alibaba

The Alibaba economy is a huge ecosystem comprising of the company's core commerce platforms (Tmall, Taobao, Ali Express and more), digital media and entertainment divisions (Youku, Alibaba Music, Weibo etc), local services, payment & financial services (Alipay), logistics, marketing services & data management and cloud computing. Connecting the entire ecosystem is the company's vast data technology, which Alibaba sees as the keys to the empire.

Mad Money host Jim Cramer had some nice things to say about two of China's top tech innovators in a recent episode of the Lightning Round. Notably, he said that Baidu ( NASDAQ:BIDU) and Alibaba ( NASDAQ:BABA) were "good." And while shares of both Chinese AI innovators have gained significant traction over the past year, it's worth mentioning that both names are well off their all-time highs and have since slipped significantly off their recent 52-week highs.

Masayoshi Son isn't known for half measures. The SoftBank founder's career has been studded with brow-raising bets, each one seemingly more outrageous than the last. His latest move is to cash out his entire $5.8 billion NVIDIA stake to go all-in on AI, and while it surprised the business world on Tuesday, it maybe should not. At this point, it's almost more surprising when the 68-year-old Son doesn't push his chips to the center of the table.

This November 11th, ("11.11", also known as Double 11, or Singles Day in China), is an e-commerce shopping festival where single people celebrate their independence and give themselves permission to indulge in buying items they've been wanting, at great prices. This year, parent company Alibaba is fully integrating new GenAI capabilities at scale into its massive Taobao and Tmall e-commerce platforms in ways that take personalization to a new level, add far wider-ranging recommendations, and include unexpectedly endearing, conversational suggestions.

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Another company is throwing a pair of smart glasses into the ring. Chinese tech giant Alibaba unveiled its first smart glasses, the Quark AI Glasses, in July, and they are officially on pre-sale starting today, Oct. 24. Could they be Meta Ray-Bans' newest rival? The AI-infused glasses are powered by the company's Qwen large language model, which already has over 400 million downloads and 140,000 derivative downloads, Alibaba wrote in a press release at the time.

First reported by the Wall Street Journal Friday, the ecommerce giant's latest chip is aimed specifically at AI inference, which refers to serving models as opposed to training them. Alibaba's T-Heat division has been working on AI silicon for some time now. In 2019, it introduced the Hanguang 800. However, unlike modern chips from Nvidia and AMD, the part was primarily aimed at conventional machine learning models like ResNet - not the large language and diffusion models that power AI chatbots and image generators today.

HonestAGI published a technical analysis claiming Huawei's Pangu Pro Mixture of Experts (MoE) model showed extraordinary correlation with Alibaba's Qwen 2.5 14B model, with a correlation coefficient of 0.927.

"Our results this quarter and for the full fiscal year demonstrate the ongoing effectiveness of our 'user first, AI-driven' strategy, with core business growth continuing to accelerate."