Alibaba Group’s revenue for the quarter through September grew only 3% from a year earlier, but its operating profit rose 68% as the Chinese e-commerce giant focused on cost cuts. Alibaba, whose share price has fallen 35% since the beginning of this year, also said its board has approved to upsize its share buyback program by another $15 billion. Alibaba said it has already bought back about...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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