Samuel Nwite
AUTHOR: Samuel Nwite
Alibaba, Samsung Shares Slide as AI Spending Collides With Investor Demands for Returns
Alibaba and Samsung Electronics shares fell sharply on Monday as investors reacted to two very different consequences of the artificial intelligence boom: Alibaba's need...
Michael Burry Swaps Alibaba for JD.Com After $10 Billion AI Funding Plan
“Big Short” investor Michael Burry has moved his entire Alibaba position into rival Chinese e-commerce company JD.com, saying Alibaba’s latest share sale has made...
Xiaomi Deepens Chip Ambitions With New 3-Nm Processor (Xring O3), In Partnership with TSMC
Xiaomi has unveiled a new generation of its proprietary smartphone processor, expanding its push into semiconductor design as the Chinese handset maker seeks greater...
Global Stocks, Oil, Bonds Slip as Iran Sanctions, Nvidia Earnings and Jackson Hole Put...
Global stocks slipped on Monday as investors braced for details of new U.S. sanctions on Iran, while elevated bond yields, uncertainty over U.S. interest...
Alibaba Launches $10.2 Billion Share Sale to Fund AI Expansion
Alibaba is raising HK$80 billion ($10.2 billion) through a share placement to accelerate investment in artificial intelligence, giving the Chinese technology giant one of...