The VectorFunding7h ago
Alibaba Becomes China's AI Backbone — Funding Its Own Stack While Powering Apple's
Alibaba is positioning itself as the indispensable node of China's AI ecosystem, simultaneously raising $10.2 billion to build out its own full-stack AI capabilities and serving as the infrastructure partner behind Apple's first…
6 INDEPENDENT OUTLETS
Funding52m ago
Alibaba Raises Record $10.2B in Hong Kong Stock Sale to Fund AI
Alibaba raised HK$80 billion (US$10.2 billion) in a record Hong Kong secondary stock sale, with all proceeds earmarked for the company's artificial intelligence expansion. Shares were priced at HK$112.70 apiece, an 8.4 percent di…
8 INDEPENDENT OUTLETS
Funding12h ago
Hugging Face Exploring Sale at $13B+ Valuation
Hugging Face is exploring a sale that could value the AI model repository at $13 billion or more, according to a Business Insider report published on August 23, citing people familiar with the process. The compa…
6 INDEPENDENT OUTLETS