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Jack Ma has returned to Alibaba’s campuses, taking a more active role than in years, amid a broader push into AI and local services. Meanwhile, Alibaba is expanding its super-app ecosystem with new AI-powered features, competing fiercely with Meituan and others in China’s digital economy.
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Chinese tech firms, including Ant Group and Alibaba, are advancing humanoid robotics with new models and investments. Ant Lingbo Technology showcased its R1 robot at a major conference, while Alibaba-backed X Square Robot secured significant funding. Tesla also hints at its humanoid ambitions in China, signaling a competitive global race.
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Freeport's copper sales forecast drops 4%, gold by 6%, amid mine flooding and supply disruptions. Meanwhile, China's solar industry faces capacity cuts and rising prices due to government reforms and industry consolidation, impacting global supply chains and investment trends.
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Meta CEO Mark Zuckerberg emphasizes building small, highly talented teams for AI research, focusing on talent density and flat management. The company is investing heavily in AI talent and infrastructure, with recent hiring freezes to consolidate efforts. The approach aims to accelerate AI development without organizational bloat.
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Alibaba and Nvidia announced significant increases in AI investments, with Alibaba aiming to become a full-stack AI service provider and Nvidia investing $100 billion into OpenAI. These moves reflect a global race for AI dominance, with both companies projecting trillions in future spending and technological breakthroughs.