Alibaba Group’s net profit rose 51% to $4.7 billion in the three months ended June 30 from a year earlier, when China’s Covid lockdowns dealt a blow to its domestic business. Revenue grew 14% to $32.3 billion. The company’s mainstay domestic commerce retail division saw revenue increase 13% to $15.2 billion. Revenue from the cloud intelligence division, a business that Alibaba hopes will drive...
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Why the AI Race Is Getting Weird
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
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