Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s […]
The chairman of Alibaba and one of China’s biggest financial conglomerates Ant Financial, Jack Ma has said that he has a special interest in Bitcoin and blockchain technology because of […]
Jack Ma, founder and chairman of Chinese retail giant Alibaba, says the company no longer plans to create 1 million jobs in the United States in the wake of the […]
Alibaba continues to dominate e-commerce retail sales in China with a 58% share of the market but it faces increasing competition from rivals, according to research by eMarketer. A list […]
Google said Monday that it will invest $550 million in Alibaba’s main rival JD.com as the U.S. tech giant seeks to expand in fast-growing Asian e-commerce markets. Under the partnership, […]
SenseTime Groups has repeated its performance of a mere two months ago. The Chinese startup raised $620 million, thus bringing the company’s value at 4.5 billion dollars. The financing was […]
First, they beat us at chess. Then it was Go. Now it’s basic reading comprehension. The robots are coming.
Alibaba says its deep neural network model has outscored humans in a global reading test, paving the way for the underlying technology to reduce the need for human input. The Chinese tech giant’s research unit, Institute of Data Science of Technologies (IDST), said it had developed a deep-learning model that attained a score of 82.44 in Exact Match on the Stanford Question Answering Dataset (SQuAD). Humans had clocked a previous score of 82.304, it said.
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. Government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay – China’s top mobile wallet – and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from Euronet. Ant initially bid for MoneyGram in January 2017 as a means to develop its cross-border payment network into the U.S., and major corridors including India and the Philippines, but instead it will “explore and develop initiatives” to collaborate with MoneyGram’s business.
