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 profit collapsed 75% despite steady revenue growth, due to AI investments and weak Chinese consumer spending.
Why it matters: Shows major tech firms prioritizing AI infrastructure over near-term profits amid slowing e-commerce demand in China.
Binance launches Agent OS, a platform that lets AI agents analyze markets
TL;DRBinance released a platform letting AI agents trade crypto autonomously within user-set limits.
Uber, Verne, and Pony.ai launch autonomous rides in Zagreb, making
TL;DRUber launches self-driving rides in Zagreb, a European first via its app.
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The 3 Best USB Phone Chargers (2026): Anker, DeWalt
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Moonshot, ZAI Close to OpenAI and Anthropic Model Performance
Chinese AI models now match OpenAI and Anthropic performance at much lower cost.
A MAGA County’s Top Election Official Wants to Hire Election Denial
Convicted election denier Tina Peters may join a county election office despite felony convictions.
Pine64 halts all Linux hardware manufacturing through at least mid-2027
Pine64 pausing Linux device production until mid-2027 over memory shortages.
Garmin Cirqa Smart Band Review: How $200 Fitness Tracker Compares
Garmin's $200 Cirqa tracker mimics Whoop's design but lacks comparable health monitoring features.
Software development and tech services in the cross-hairs
AI is threatening traditional software development and tech service jobs.