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Walmart’s Amazon-Sized Ads Opportunity

Walmart isn’t generally thought of as an advertising business, but the retail giant now makes more money selling ads than small social media firms like Snap or Pinterest do. And judging by the growth of its ad business in recent years, along with its acquisition of companies aimed at bolstering that business, it’s positioned to become an even more important presence in the industry. Walmart’s ad revenue hit nearly $6.4 billion in fiscal 2026, ending Jan. 31, the company has said. That’s about...

Alibaba Bans Employees From Using Claude

Alibaba internally cited security concerns about Claude Code’s recently discovered hidden code targeting Chinese users.

Kuaishou Announces Kling AI Video Unit’s Fundraising at $15 Billion Valuation

The fundraising, first reported by The Information in May, paves the way for Kling’s initial public offering.

SoftBank Plans to Rent AI Computing Capacity to U.S. Companies

The new unit will compete with other neo cloud companies.

Google Loses Fight Against Record €4.1 billion Android Antitrust Fine

The European court's dismissal ends an eight-year antitrust tussle.

Nvidia’s Longtime Sales Chief Retires

Jay Puri’s successor is Microsoft sales veteran Nicholas Parker.

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OpenAI Has Discussed Size of Stake U.S. Government Could Take

The company has floated the idea of a public fund seeded with AI company stocks.

Tesla Vehicle Sales Rebounded 25% in Second Quarter

Makers of electric vehicles and plug-in hybrids have benefitted from surging gas prices this year due to the Iran War, even as other U.S. automakers beyond Tesla have been refocusing on combustion vehicles.

Microsoft Commits $2.5 Billion to New Applied AI Consulting Effort

The new unit comes as large companies have groused that it can be tricky to configure AI software to their own needs and generate meaningful returns.

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Alibaba and Affiliate to Pay $600 Million in U.S. Settlement Over Illegal Drug Sales

The Justice Department says Alibaba and its U.S. payment affiliate failed to stop merchants from illegally importing drugs into the U.S.

Meta Said to Plan AI Cloud Business Push

Selling excess computing power could help the company offset some of its AI infrastructure investments.

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Microsoft Plans Thousands of Layoffs in Sales, Engineering, Xbox

Microsoft typically conducts layoffs after the close of its fiscal year, which ended on Tuesday. The company has said headcount will slightly decline this year.
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