5 April 2025

How Alibaba is turning into China’s AI powerhouse and a school for entrepreneurs

How Alibaba is turning into China’s AI powerhouse and a school for entrepreneurs

Misa Zhu Mingming, an engineer who had worked at Alibaba Group Holding, left in 2014 to found his own venture, Rokid. The start-up, which develops smart glasses, was backed by angel investors that included Vision Plus Capital, formed by Eddie Wu Yongming and others before Wu became CEO of Alibaba in 2023. A decade later, […]

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US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

“For everyone who thinks these market declines are all based on the president’s economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek,” Bessent told conservative commentator Tucker Carlson. “If I were to analyse in my old hat, and this is the only time I’m going to

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Elon Musk-Sam Altman fight over OpenAI overhaul set for March trial

Elon Musk-Sam Altman fight over OpenAI overhaul set for March trial

A US federal judge set a March trial in Elon Musk’s challenge to Sam Altman’s plans to overhaul OpenAI’s business structure, setting the stage for a high-stakes clash between the two billionaires. US District Judge Yvonne Gonzalez Rogers in Oakland, California, put the trial on her calendar for March 16 during a hearing on Friday

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