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Alibaba (NYSE:BABA) Settles $600 Million DOJ Case As AI Rules Tighten
Simply Wall St.36d agoneutral
Alibaba (NYSE:BABA) Settles $600 Million DOJ Case As AI Rules Tighten

Alibaba Group Holding (NYSE:BABA) agreed to a US$600m non-prosecution settlement with the U.S. Department of Justice over historic illegal pharmaceutical sales. The company secured a temporary U.S. legal reprieve from certain Pentagon-linked lobbying restrictions. Alibaba is revising internal AI policies, including banning Anthropic tools and changing Qwen platform features, in response to China’s evolving AI regulatory framework. Alibaba Group Holding sits at the intersection of Chinese e...

Bloomberg36d agoneutral
SK Hynix Open to Issuing More US Shares, SK Group Chairman Says

(Bloomberg) -- SK Hynix Inc. is open to issuing more US shares should returns prove strong and the company’s stock price remains stable, SK Group Chairman Chey Tae-won said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsSK Hynix Raises $26.5 Billion in Biggest Foreign Debut in USPrabowo’s Clampdown on Indonesian Tycoons Fuels Capital FlightZuckerberg Pledges ‘Aggressive’ Pricing With Met

Why you should care about SK Hynix's IPO
Yahoo Finance Video36d agoneutralVIDEO
Why you should care about SK Hynix's IPO

SK Hynix (SKHY, SKHYV) has officially gone public in the US. Yahoo Finance Executive Editor Brian Sozzi is joined by Breaking News Reporter Jake Conley and Trustless Media founder Zack Guzman to discuss the IPO.

OpenAI and Google Provided AI Services to Pentagon-Listed Chinese Groups via Singapore Units
InvestorsHub36d agoneutral
OpenAI and Google Provided AI Services to Pentagon-Listed Chinese Groups via Singapore Units

OpenAI (NASDAQ:OAI) and Alphabet’s (NASDAQ:GOOGL) Google have supplied advanced artificial intelligence services to Singapore-based subsidiaries of Alibaba (NYSE:BABA), Baidu Inc (NASDAQ:BIDU) and Tencent Holdings Ltd (NASDAQ:TME), despite the parent companies appearing on the Pentagon’s blacklist, according to a Financial Times report published on Friday. Shares of Alphabet were little changed in premarket trading, while U.

Alibaba shares defy major AI scandal as Wall Street bites
TheStreet37d agoneutral
Alibaba shares defy major AI scandal as Wall Street bites

Alibaba Group Holding (BABA) stock surged in premarket trading on Wednesday after a wave of good news landed at once. Just days earlier, Alibaba and Anthropic were trading accusations, not compliments, in a dispute over stolen AI technology and hidden tracking code. The rally proves those two ...

Alibaba Group (BABA) Expands Participation in Access Advance VDP Pool
Insider Monkey37d agoneutral
Alibaba Group (BABA) Expands Participation in Access Advance VDP Pool

Alibaba Group Holding Limited (NYSE:BABA) is one of the undervalued stocks to buy according to the Wall Street. On July 2, Access Advance LLC and Alibaba Group announced that Alibaba expanded its participation in the Video Distribution Patent/VDP Pool by becoming a Licensee. This agreement provides Alibaba access to a comprehensive license for HEVC, VVC, […]

Investing.com37d agoneutral
SK Hynix eyes blockbuster US debut with $149 ADR target, Bloomberg reports

Investing.com — South Korean semiconductor giant SK Hynix Inc. is aiming to price its highly anticipated US listing at $149 per American depositary receipt (ADR), according to a report by Bloomberg, citing people familiar with the matter. The proposed pricing lands at a premium of approximately 3.1% over Thursday’s closing price of the company’s common shares in Seoul, where they finished the session at 218,600 won ($144.50) each. According to a regulatory filing with the US Securities and Excha