Alibaba Restructured the Entire AI | Rewire Evening News
Trump is reportedly forming a "Hormuz Alliance" to secure the Strait of Hormuz and is considering sending ground troops to seize Iran’s Kharg Island, causing Brent crude to surge past $105 per barrel. Meanwhile, Alibaba has consolidated all AI assets into a new group, Alibaba Token Hub (ATH), directly under the CEO, signaling a full-scale AI integration. On the same day, Reuters reported that China’s second-largest chipmaker is preparing for 7nm production, broadening China's semiconductor capabilities amid U.S. sanctions.
Nvidia’s GTC conference begins amid mixed AI signals: Ben Thompson argues AI is entering an "Agents over Bubbles" phase, while Foxconn’s profit miss raises concerns about AI hardware demand. Meta, however, continues investing heavily in AI infrastructure.
Elsewhere, prediction markets are gaining institutional interest despite legal grey areas, and AI-powered face-swap fraud is becoming a structured underground industry. Additional notes include gains in U.S. and Chinese tech stocks, UniCredit’s bid for Commerzbank, and Zero Run Auto’s first annual profit.
marsbit03/16 19:06
