Alibaba to sell Lingxi Games
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Alibaba Group Holding Ltd. launched the beta version of an artificial intelligence music-generation model that can turn a single text prompt into a fully produced song, expanding the Chinese technology giant’s push into generative AI.
Alibaba Group Holding Ltd., Baidu Inc. and Kuaishou Technology are the next big names in tech that will have to address concerns over the mounting financial costs needed to sustain intense AI competition.
Alibaba launched a laptop-ready AI model and released the weights of its most powerful Qwen model, escalating its rivalry with Meta in open-weight AI.
Alibaba remains an increasingly important company as AI adoption grows, which makes its results worth looking out for. Learn more about BABA stock here.
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Alibaba’s AI pivot deepens, plans to offload gaming business for at least $1.5 billion: report
Alibaba Group Holding Ltd. ADR BABA is reportedly offloading its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a bid to bolster its focus on artificial intelligence (AI).
Alibaba Group (NYSE:BABA), the Chinese e-commerce group, has agreed to sell its video game division to Trustar Capital, the Asian private equity firm, in a transaction that Bloomberg News reported may value the unit at more than $1.
Alibaba Group Holding Limited still looks like a Buy: up 20%, attractive valuation, and AI-driven growth from Qwen and Apple ties. Click for this BABA update.