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  • Jan 02, 2025

Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share

Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry in the AI space. Chinese companies remain engaged in a price war to win market share, prompting Alibaba Cloud to initiate discounts on its visual language model, Qwen-VL, CNBC cites from Alibaba’s WeChat post on Tuesday. In February, the Chinese e-commerce juggernaut announced up to 55% discounts on its core cloud products. Also Read: Trump Administration to Challenge Socia

  • Jan 02, 2025

Treasuries Post Annual Gain as Fed Starts Interest-Rate Cuts

(Bloomberg) -- The US Treasury market ended 2024 with a small gain as inflation resumed edging lower after the first quarter and the Federal Reserve cut interest rates three times.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe gain was

  • Jan 02, 2025

Chinese electric vehicles gain market share in Norway

Chinese electric cars have surged to account for almost 10% of new car sales in Norway in only five years, data from the country's road federation (OFV) showed on Thursday. Wealthy Norway is far ahead of most countries in the switch to electric vehicles and unlike the European Union and the United States has not imposed import tariffs on Chinese EVs. Brussels and Washington say Chinese EVs benefit from unfair subsidies, which Beijing denies, and Western automakers have warned they could be hit hard by cheap Chinese imports, although there have been doubts if buyers would adopt unfamiliar brands.

  • Jan 02, 2025

Should You Buy Bitcoin While It's Under $100,000?

Last year was a wonderful time to be a Bitcoin (CRYPTO: BTC) investor, as the digital asset's price more than doubled in 2024. Ever feel like you missed the boat in buying the most successful stocks?

  • Jan 02, 2025

Indian Stocks Outperform Biggest Asian Peers at Start of 2025

(Bloomberg) -- Indian stocks rallied at the beginning of the new year to outperform their biggest Asian peers. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?Detroit’s Michigan Central Is the Building Revival Story of 2024NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueBurned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe NSE Nifty 50 Index rose 1.9%, the biggest gain since Nov. 22, to close at 24,1

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