From a Hangzhou startup to a global tech powerhouse, uncover the strategies that turned Alibaba into a multi-billion-dollar empire. Alibaba’s 2014 IPO was the largest in tech history, raising $25 billion on its first day. Since its founding in 1999 in Hangzhou, China, the company has grown from a small business-to-business marketplace to a global…
The stock market rally had a trick-or-treat October. Now Palantir (PLTR), Robinhood (HOOD), Advanced Micro Devices (AMD), AppLovin (APP) and Astera Labs (ALAB) headline another big week of earnings. Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Berkshire Hathaway (BRKB) will report earnings on Saturday, with BRKB stock…
Dow Jones futures rose after hours, along with S&P 500 futures and Nasdaq futures. Apple (AAPL) and Amazon.com (AMZN) were earnings winners late Thursday, along with Western Digital (WDC), Cloudflare (NET) and more. The stock market rally retreated Thursday, with Meta Platforms (META) and some other megacaps leading the Nasdaq solidly lower. MongoDB (MDB) broke…
(Reuters) -Shares in three of the “Magnificent Seven” companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings. Shares in Google-parent Alphabet rose 6.2% after the company beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and…
10/28/2025 – 09:42 PM Coupang is working to help advance America’s global leadership on AI, drive U.S. exports, and expand international commerce From 2022 through 2024, Coupang spent more than $3B to expand AI innovations and other advanced technologies in the APEC region SEATTLE–(BUSINESS…
Amazon founder Jeff Bezos predicts that gigawatt data centers will be built in space within 10 to 20 years. According to him, these would ultimately perform better than data centers on Earth thanks to 24/7 access to solar energy. The concept of space data centers is gaining traction among large tech companies, but significant obstacles…
OpenAI and Nvidia, leading names in the tech industry, plan to announce substantial investments in UK data centers next week. This initiative, reported by Bloomberg News, coincides with a visit by U.S. President Donald Trump. The companies will collaborate with London-based Nscale Global Holdings, a notable player in the data center business, although Nvidia…
Oracle Corp. shares surged to a record after the company gave an aggressive outlook for its cloud business, stunning Wall Street and galvanizing hopes that the post-ChatGPT global AI infrastructure build-out is accelerating. The company is on track to add about $200 billion to its market value if the stock’s 30% premarket gain holds through…
Oracle founder Larry Ellison, who once mocked cloud computing as “complete gibberish,” is now the second-richest person on Earth, overtaking Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg. With a net worth of $288 billion, he is behind Elon Musk who has a net worth of $3379 billion, as per Bloomberg Billioniare Index. The reason: Oracle’s…
Good morning. In honor of Perplexity’s unsolicited $34.5 billion bid to acquire Google’s Chrome web browser amid U.S. antitrust scrutiny—a figure well beyond the San Francisco AI startup’s $18 billion valuation!—five things I’d like to place an unsolicited bid on with someone else’s money: But please, Marc—keep the disco ball. Today’s tech news below. —Andrew…