Chinese financial technology firm Ant Group is exploring options for Jack Ma, e-commerce giant Alibaba’s founder who controls Ant, to divest his stake and give up control, Reuters reported. But Ant, through its official social media accounts, denied the Reuters report, saying that “divestment of Mr. Ma’s stake in Ant Group has never been the subject of discussions with anyone.” The report...
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Microsoft CEO Says AI ‘Vicious Cycle’ Will Boost Google; Meta and OpenAI’s Other Rivalry
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoft’s Bing search—then being...
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