Alibaba's AI Chips Score Big Win with China Unicom!
China Unicom has built a large data center using AI chips from Alibaba and others to reduce reliance on foreign technology.
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China Blocks Nvidia Chips: What It Means for AI and Local Tech
China banned Nvidia AI chips (RTX Pro 6000D, H20) for top tech firms like ByteDance & Alibaba. This boosts its domestic chip industry as local AI chips are now seen as comparable or better than Nvidia's allowed models. Companies must now use homegrown solutions.
Elliott takes more than $2B stake in Workday, backs direction and leadership
Workday recently received a significant endorsement from activist investor Elliott Management, which has acquired over $2 billion in company shares and praised its leadership and long-term strategy.
TikTok's U.S. Future: How a Big Deal Aims to Keep Your Favorite App Alive
TikTok's U.S. ban is extended to Dec 2025 as a deal finalizes for American ownership (80% US investors). A new U.S. app, American-controlled algorithms, and Oracle handling user data will address national security concerns.
Netskope's Soaring IPO: Cloud Security Valuation Climbs
Cloud security firm Netskope raised its IPO price due to strong demand, now targeting a market valuation of nearly $7.4 billion! It's selling 47.8M shares (up to $908.2M) as cybersecurity thrives amid growing threats and regulations.
TikTok's U.S. Future: Oracle Steps In Amidst Deal Talks
Oracle shares climbed following speculation that the software company may be part of a deal between the U.S. and China regarding TikTok.