Tag: E-Commerce Discretionary

OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed on Tuesday.

ByteDance and Alibaba have asked Nvidia (NVDA), about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.

Amazon on Wednesday committed to investing over $35 billion in India’s cloud and artificial intelligence space by 2030, as hyperscalers race to get a foothold in the market.

Shares of Shopify tumbled 5.9% on Monday after the widely used e-commerce platform reported technology issues impacting some merchants. Shoppers were still able to browse and purchase from online storefronts, a spokesperson told Barron’s.

Alibaba’s artificial intelligence-powered smart glasses went on sale on Thursday as the Chinese tech giant looks to ramp up its focus on consumer AI in an increasingly competitive market.

Top Chinese companies are training their artificial intelligence models overseas to access Nvidia’s chips and bypass US efforts to prevent their development of the powerful technology.

Alibaba delivered better than expected revenue in its fiscal second quarter as sales in its key cloud computing division accelerated.

Italian police carried out searches and seizures at two Amazon sites in Italy on Monday as part of an investigation into the alleged smuggling of Chinese goods, three people with direct knowledge of the matter said.

Alibaba Group Holding Ltd’s Qwen app drew more than 10 million downloads in the week after its relaunch, boding well for a longer-term effort to build a rival to OpenAI’s ChatGPT.

China’s PDD Holdings (PDD.O), beat forecasts on Tuesday with a 14% rise in third-quarter adjusted earnings in a sign the e-commerce group’s steep discounts and heavy marketing spending bolstered demand in its home market.

Alibaba is helping the Chinese military to target the U.S., according to a White House memo, the Financial Times reported Friday.

Brussels wants to accelerate the imposition of customs duties on low-value parcels entering the European Union in a bid to crack down on cheap Chinese e-commerce imports such as from Shein and Temu, Trade Commissioner Maros Sefcovic has said.

JD.com reported a sharply lower profit for its third quarter on Thursday. However, shares rose as the Chinese online retailer’s earnings and revenue were ahead of market expectations with the company signaling it will need to invest less in food delivery in future.

China’s Singles’ Day sales festival is coming to a close after more than a month of promotions on the country’s largest e-commerce platforms, which failed to spark widespread consumer excitement during the world’s largest shopping event.

Shopify (SHOP.TO) projected strong fourth-quarter revenue growth on Tuesday, signaling resilient demand at the e-commerce company as retailers gear up for the all-important holiday shopping season.

OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader in cloud infrastructure and the latest sign that the $500 billion artificial intelligence startup is no longer reliant on Microsoft.

Amazon AMZN reported better-than-expected earnings results, sending its shares heading for a new record high.

Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multiyear effort to rein in costs.

Chinese tech giant Alibaba is already recouping its investment on artificial intelligence in the company’s e-commerce business, vice president Kaifu Zhang told reporters on Thursday.

Online fast-fashion retailer Shein plans to open its first bricks-and-mortar shops in France in November under an agreement with department store owner Société des Grands Magasins, a move that sparked criticism from French retailers.