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Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share placement to fund artificial intelligence-related development.

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.

Broadcom and Marvell Technology Emerge as Key Players in Custom AI Chip Market Amidst Growing Demand from Hyperscalers

Broadcom and Marvell Technology Emerge as Key Players in Custom AI Chip Market Amidst Growing Demand from Hyperscalers

Broadcom and Marvell Technology Emerge as Key Players in Custom AI Chip Market Amidst Growing Demand from Hyperscalers

Nvidia Customers Face Over 15% Price Hikes on AI Chips for Early Next Year Shipments

Nvidia Customers Face Over 15% Price Hikes on AI Chips for Early Next Year Shipments

Nvidia Customers Face Over 15% Price Hikes on AI Chips for Early Next Year Shipments

Taiwan Semiconductor Reports 45% Revenue Jump Amid Broader Chip Sector Sell-Off

Taiwan Semiconductor Reports 45% Revenue Jump Amid Broader Chip Sector Sell-Off

Taiwan Semiconductor Reports 45% Revenue Jump Amid Broader Chip Sector Sell-Off

Nvidia Notifies Customers of Over 15% Price Hikes for AI Chips Due to Soaring Memory Costs

Nvidia Notifies Customers of Over 15% Price Hikes for AI Chips Due to Soaring Memory Costs

Nvidia Notifies Customers of Over 15% Price Hikes for AI Chips Due to Soaring Memory Costs

Advocates Demand Federal Investigation into AI Giants' Mass Book Acquisition and Destruction

Advocates Demand Federal Investigation into AI Giants' Mass Book Acquisition and Destruction

Advocates Demand Federal Investigation into AI Giants' Mass Book Acquisition and Destruction

OpenAI's CFO just said something IPO investors should hear

OpenAI's CFO just said something IPO investors should hear

The OpenAI finance chief gave employees a listing window for the first time.

Google, OpenAI among companies to comply with Texas AI data center rules

Google, OpenAI among companies to comply with Texas AI data center rules

Gov. Greg Abbott says Google, Meta, OpenAI, Amazon, Anthropic and dozens more will follow grid, water and cost rules for data centers in the state.

Morgan Stanley resets Nvidia stock forecast ahead of earnings

Morgan Stanley resets Nvidia stock forecast ahead of earnings

Here’s what could be next for Nvidia stock.

Wall St rises in broad rebound; yields push markets towards weekly declines

Wall St rises in broad rebound; yields push markets towards weekly declines

By Avinash P and Purvi Agarwal Aug 21 (Reuters) - The main U.S. stock indexes recovered on Friday after a hammering in the previous session, though markets were still on track to end the week in the red as rising government bond yields and geopolitical tensions weakened risk sentiment.

Wall St set for higher open but weekly losses loom

Wall St set for higher open but weekly losses loom

By Avinash P and Purvi Agarwal Aug 21 (Reuters) - The main U.S. indexes were set for a recovery on Friday after a pummeling in the previous session, though markets remained on track to end the week in the red as surging government bond yields and geopolitical tensions dampened risk appetite.