Apple NASDAQ:AAPL may have a new path for on-device AI after startup PrismML reportedly shrank Alibaba's NYSE:BABA Qwen 3.6 model to run on the iPhone 17 Pro.The Information reported that PrismML compressed the 27 billion-parameter model to less than 4GB from about 54GB, while claiming the reductio…
NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, July 9, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.As…
Alibaba (BABA) Hong Kong shares jumped ~12% to HK$107.70, the biggest one-day gain since Sep 2025, trimming YTD decline to ~25% amid AI cloud optimism and Hang Seng Tech strength.U
Nvidia NASDAQ:NVDA and AMD NASDAQ:AMD face growing pressure in China as local companies shift more AI chip spending toward domestic suppliers, according to a Bloomberg survey.The survey of 60 Chinese executives found they plan to allocate 46% of AI chip budgets to domestic options over the next 12…
Alibaba NYSE:BABA will block employee access to Anthropic's Claude Code beginning July 10 over security concerns as tensions surrounding AI tools and cross-border technology restrictions continue to grow.Alibaba has reportedly classified Claude Code as a high-risk application because of potential "…
Nvidia NASDAQ:NVDA and Advanced Micro Devices NASDAQ:AMD could face increasing competition in China as businesses plan to allocate a larger share of their artificial intelligence chip spending to domestic suppliers over the next year.The survey of 60 executives across software, finance, manufacturi…
Alibaba Group Holding Ltd. (BABA, Financials) has reportedly banned employees from using Anthropic's Claude Code at work, adding another layer to the growing AI fight between U.S. and Chinese technology companies.Claude Code is Anthropic's coding assistant for software developers. It has been popul…
Nvidia NASDAQ:NVDA fell 1.63% intraday after Reuters reported that DeepSeek, the Hangzhou-based AI startup behind the globally viral R1 reasoning model, is developing its own AI chip. The effort is focused on inference (the stage where a trained model generates responses), and remains early-stage…
ByteDance, the Chinese technology company behind Doubao, and Alibaba Group NYSE:BABA, the Chinese e-commerce and cloud technology company behind Qwen, are pulling back AI companion features as Beijing prepares to enforce new rules on human interactions with artificial intelligence. Doubao, describe…
Alibaba Group NYSE:BABA has reportedly instructed employees to stop using Anthropic's Claude Code for work, escalating tensions between the 2 AI rivals as competition in China's software market intensifies.Reuters reported that Alibaba made the move after Claude Code came under scrutiny for feature…
Artificial intelligence remained the centerpiece of the technology industry in the first week of July, but it wasn't the only story driving headlines. Major investments in AI infrastructure unfolded alongside antitrust rulings, lawsuits, product strategy shifts and government actions that touched n…
South Korean chipmaker SK Hynix KRX:000660 will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world's largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt li…
By Raffaele HuangChina's Alibaba plans to ban employees from using Anthropic's Claude Code at work over concerns about potential security risks, according to people familiar with the matter.The move comes in the wake of a post on online forum Reddit earlier this week alleging that a version of the…
China's Kuaishou Technology HKEX:1024 said on Thursday a group of investors including Alibaba and Tencent will inject over 19 billion yuan ($2.80 billion) in Kling AI, while valuing the popular AI video arm at $15 billion on a pre-money basis.The fundraising underscores investors' appetite for Chin…
Alibaba NYSE:BABA will ban employees from using Claude Code in workspace environments from July 10 due to alleged security risks involving embedded backdoors, a source familiar with the matter said.Alibaba did not immediately respond to a request for comment.The move was previously reported by Chin…
The Morning Risk Report: U.S. Could Delay 50% Rule Again. Exporters Are Preparing for It Anyhow By Richard Vanderford | Dow Jones Risk JournalGood morning. Businesses anticipate the U.S. will further delay a regulationthat would massively expand its trade blacklists beyond a start date this fall. E…
Chinese stocks fell to a three-week low on Thursday, dragged down by a sharp selloff in chipmakers. Hong Kong shares rebounded on a recovery in internet heavyweights.** China's blue-chip CSI300 Index SZSE:399300 dipped 3% to the lowest level since June 12. The Shanghai Composite Index SSE:000001 lo…
Chinese stocks fell on Thursday, dragged down by a sharp selloff in chipmakers, while Hong Kong shares rebounded on a recovery in internet heavyweights.** China's blue-chip CSI300 Index SZSE:399300 was down 1.9% by the lunch break, on track for their biggest single-day drop in a week. The Shanghai…
By Elias SchisgallAlibaba Group and a U.S.-based payment processor agreed to pay $600 million to resolve allegations from the Justice Department that they allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S.The operator of Chinese e-commerce site Ali…
By Elias SchisgallAlibaba Group and a U.S.-based payment processor agreed to pay $600 million to resolve allegations from the Justice Department that they allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S.The operator of Chinese e-commerce site Ali…
