AI services – Charm

Alibaba to boost AI spending as China tech giant sees AGI as new start

Cs news9 months ago03 mins

Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53 billion) over the next three years, the group’s CEO said on Wednesday. Eddie Wu Yongming, also the chairman of Alibaba Cloud, said at the Apsara Conference in Hangzhou, in China’s eastern Zhejiang province, that Alibaba’s…

UK’s Bytes Tech plunges 27% after profit warning

Cs news1 year ago1 year ago03 mins

Shares of UK’s Bytes Technology plunged over 27% on Wednesday after the IT firm said its operating profit for the first half of fiscal 2026 would be marginally lower due to delayed customer payments and longer-than-expected readjustments from internal restructuring. Trading in the first few months of the year was hurt by macroeconomic pressures, leading…