Alibaba reports Q1 revenue up 9% YoY
Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due to heavy AI spending and weak domestic retail consumption
TL;DRAlibaba's profits crashed 75% despite flat revenue growth due to AI investments and weak China retail.
Why it matters: Shows major tech firms prioritizing AI capex over near-term earnings; signals China's consumer slowdown persists.
Binance launches Agent OS, a platform that lets AI agents analyze markets
TL;DRBinance lets AI agents trade crypto automatically within user-set limits.
Google looked at Earth and wanted more cloud
TL;DRMuon Space raised $250M to build spacecraft for orbital data centers and AI computing.
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Anthropic's most capable model, codenamed "Model 2," is for internal
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Quantinuum Expands Research Operations in Albuquerque
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SMIC posts record $3B quarter and hikes wafer prices — US sanctions
Chinese chipmaker SMIC hit record $3B revenue, boosted by AI demand amid US export restrictions.
Australia passes the News Bargaining Incentive
Australia taxes tech ad revenue 2.5% unless companies pay local news outlets.
CISA warns of hackers exploiting critical MLflow vulnerability
Hackers are actively exploiting a critical flaw in MLflow, an AI platform used by many organizations.
Microsoft probes reports of games taking exception to Windows 11's
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GLP-1s May Spur Next Wave in Youth Social Media Harm Claims
Weight-loss drug ads on social media may harm teens' body image and health perceptions.
Poolease X1 Pool Robot Review: How Bad Can It Be?
Budget pool robot cleans floors but fails at walls, steps, and fine debris.
PitchBook: California-based startups have raised ~$366B in 2026 so far
California startups raised $366B in 2026, outpacing all other states by 3x.