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Thursday, 20 August 2026
AIBloombergJust broke

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 grew revenue 9% but profits crashed 75% due to AI investments and weak China spending.

Why it matters: Shows major tech firms prioritizing AI development over near-term profits amid slowing consumer demand.

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200 stories
15m

Google looked at Earth and wanted more cloud

Muon Space raised $250M to build spacecraft hosting data centers and AI in orbit.

56m

Anthropic's most capable model, codenamed "Model 2," is for internal

Anthropic has a secret internal AI model more powerful than public Claude.

27m

The 3 Best USB Phone Chargers (2026): Anker, DeWalt

Three USB phone chargers tested; Anker and DeWalt ranked best for speed and safety.

30m

Stripe's OpenRouter deal, its largest-ever acquisition, is a bet on

Stripe buys OpenRouter to position itself in the multi-model AI marketplace economy.

30m

Moonshot, ZAI Close to OpenAI and Anthropic Model Performance

Chinese AI models now match OpenAI and Anthropic performance at much lower costs.

30m

A MAGA County’s Top Election Official Wants to Hire Election Denial

Convicted election denier Tina Peters offered job by county official pushing election conspiracy theories.

30m

Pine64 halts all Linux hardware manufacturing through at least mid-2027

Pine64 stops making Linux devices until mid-2027 due to memory chip shortages.

45m

Garmin Cirqa Smart Band Review: How $200 Fitness Tracker Compares

Garmin's $200 fitness tracker mimics Whoop's design but lacks equivalent health analytics.

45m

Software development and tech services in the cross-hairs

AI is disrupting traditional software development and tech services jobs.

49m

Jack Ma-Backed Ant’s Profit Flattened

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