Alibaba (BABA) unveils its own AI chatbot named 'Tongyi Qianwen'

CarMax, Getty Images and Coinbase rise premarket; Moderna falls

April 11, 2023 8:35 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, April 11th. Please refresh for updates.

CarMax (NYSE: KMX) stock rose 7.3% after the used car retailer posted fourth quarter profit above... More

China reportedly planning 'security reviews' of AI services like ChatGPT

April 11, 2023 6:49 AM EDT

Several news outlets are reporting that the Chinese government is considering introducing new security reviews for artificial intelligence (AI) services, including natural language processing (NLP) models like ChatGPT.

The proposed reviews would reportedly require AI service providers to undergo thorough examinations of their technology and data management practices to ensure that they... More

Goldman sees global eCommerce sales of $3.4tn (2022E) growing at a +9% CAGR through 2026E to reach $4.8tn

April 11, 2023 5:56 AM EDT

Goldman Sachs analyst Eric Sheridan: "We introduce the Goldman Sachs Global eCommerce model, representing the collaborative output of 8 of our research teams across the globe. Looking ahead, we believe that eCommerce will continue to benefit from secular growth tailwinds and see global eCommerce sales of $3.4tn (2022E) growing at a... More

China Plans Security Review Of Generative AI Services - Bloomberg

April 11, 2023 5:48 AM EDT

China Plans Security Review Of Generative AI Services - Bloomberg

... More

Alibaba's new chatbot, Bitcoin above $30K, futures rise - what's moving markets

April 11, 2023 5:31 AM EDT

By Scott Kanowsky

Investing.com -- Alibaba formally unveils its own answer to ChatGPT and Bitcoin surges above $30K for the first time since last summer, while U.S. inflation data looms large, the IMF gets set to reveal its latest economic forecasts, and oil prices gain on expectations for another decline in American inventories.

1. Futures rise with inflation in focus

U.S. futures edged higher on Tuesday, as investors seemed to be waiting for signals from the widely anticipated release of March inflation data later this week.

At 03:42 ET (07:42 GMT), the Dow... More

Alibaba to roll out generative AI across apps, Beijing flags new rules

April 10, 2023 10:04 PM EDT

By Josh Horwitz and Josh Ye

SHANGHAI (Reuters) - Alibaba Group Holding Ltd on Tuesday showed off its generative AI model - its version of the tech that powers chatbot sensation ChatGPT - and said it would be integrated into all of the company's apps in the near future.

The unveiling, which came on the heels of the launch of a slew of new AI products by SenseTime this week, was swiftly followed by the government's publication of draft rules outlining how generative AI services should be managed.

In a filmed demonstration, the AI large language... More

JPMorgan Reiterates Overweight Rating on Alibaba (BABA) into earnings

April 10, 2023 5:51 AM EDT

JPMorgan analyst Alex Yao reiterated an Overweight rating and $140.00 price target on Alibaba (NYSE: BABA).

"We think the group revenue could be a touch lower than investor expectation, but group earnings could surprise the market on the upside. In addition, we expect positive... More