NextTech
Developing
Alibaba Prices $10.2 Billion Share Sale for AI Buildout
Alibaba priced 710 million new shares at HK$112.70 each, with the Hong Kong placement expected to close Aug. 26 and all net proceeds earmarked for AI.
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NextTech
Artificial intelligence, platforms, infrastructure and the tools reshaping business.
NextTech
Developing
Alibaba’s AI Cloud Revenue Jumps 45% as Profit Falls 75%
Alibaba’s June-quarter results show AI cloud and compute revenue climbing 45% as nearly $10 billion in capital spending and other factors pressure cash flow and profit.
NextTech
Developing
Stripe Agrees to Acquire OpenRouter, Deepening Its AI Infrastructure Push
The payments company is buying a platform that routes developer requests across hundreds of AI models, extending Stripe from billing into AI usage control.
NextTech
Developing
DOJ Reportedly Probes Andreessen Horowitz Over Databricks, Fivetran Board Seats
The reported investigation tests whether a common venture-capital practice has become an illegal board interlock as Databricks and Fivetran move into overlapping data markets.
NextTech
News Brief
X Opens Its ‘For You’ Algorithm and Adds Ranking Disclosures
The disclosure offers creators and researchers a larger view of X’s recommendation system, though an important Grok-based rule-violation predictor remains closed.
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News Brief
Microsoft Consolidates Copilot and Retires Several AI Features
The updated Microsoft 365 Copilot app will support personal and work accounts while keeping organizational data boundaries separate.
NextTech
Developing
Uber and Pony.ai Plan 2,000 Robotaxis Across Europe
The companies have not named the cities or launch dates, leaving regulation, fleet ownership and customer adoption as the next major tests.
NextTech
News Brief
IBM and OpenAI Build an Enterprise AI Consulting Army
A dedicated OpenAI practice inside IBM Consulting will train thousands of specialists and target finance, government, telecom and retail deployments.
NextTech
News Brief
Databricks Raises $5 Billion at a $190 Billion Valuation
The data and AI company says its revenue run rate has passed $7 billion, while the new capital will support databases, agents and acquisitions.
NextTech
Developing
Google Raises Pixel 11 Prices as AI Moves Deeper On-Device
Google’s Pixel 11 lineup raises U.S. starting prices by $100 while using new camera, translation and notification tools to put Gemini deeper into everyday phone use.