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- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Oil market losses easing as nearly 80% of disrupted supply returns, UBS says
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Alibaba's (BABA) Aliyun and Chinese Academy of Sciences Enter Agreement to Form Quantum Computing Laboratory
July 30, 2015 6:54 AM EDTAliyun, Alibaba Groups (NYSE: BABA) cloud computing subsidiary, and the Chinese Academy of Sciences (CAS) today announced that they have signed a memorandum of understanding (MoU) in Shanghai to co-found the Chinese Academy of Sciences Alibaba Quantum Computing Laboratory (the Laboratory). The new research facility aims to take the study and applications of quantum theory to the next level, heralding new technologies and platforms for information security, connectivity and computing.
Chunli Bai, President of CAS, Jianwei Pan, Professor and Executive Vice President of University of Science and Technology of China (USTC)... More
Alibaba (BABA) Plans Additional $1B Investment to Drive Cloud-Computing Growth
July 29, 2015 6:30 AM EDTAlibaba (NYSE: BABA) announced that it will invest an additional US$1 billion to fuel further growth at Aliyun, its cloud computing arm, a testament to cloud computing as an important growth area for Alibaba. The additional funding will be used to expand Aliyuns international presence, extend and support an alliance-based global cloud computing ecosystem, and for the development of new cloud and big data solutions that enable customers to increase productivity, lower costs and scale quickly as their businesses grow.
Aliyun has become a world-class cloud computing service platform that is the... More
