The VectorIndustry4d ago
Cognition Rebuffs SpaceX Acquisition Approach, Talks Shift to Compute Partnership
SpaceX's reported attempt to acquire Cognition AI — and the startup's swift, public rejection — suggests that Musk's strategy of assembling an AI empire through aggressive M&A faces resistance in a market where the most valuable…
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IndustryUPDATED3d ago
Alibaba AI Capex Hits $10B in June Quarter as Net Income Falls 75%
Alibaba Group Holding reported capital expenditure of RMB 67.7 billion ($10 billion) in the June quarter, up 75% year-over-year and 151.6% from RMB 26.9 billion in the March quarter, driven primarily by AI infrastructure investment…
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