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Alibaba CEO Leads New AI Task Force

Alibaba CEO Leads New AI Task Force

Alibaba Group is establishing a dedicated internal task force led by CEO Eddie Wu Yongming to boost foundational AI model development. The group will coordinate company-wide resources to accelerate progress, as announced in a letter to the Tongyi AI research lab. Wu stressed that stagnation in technology equates to falling behind.

Anthropic Targets a Record-Breaking IPO

Anthropic Targets a Record-Breaking IPO

Anthropic reportedly expects its IPO to match or exceed SpaceX's record $75 billion raise and could file publicly as soon as the end of this month. The company reportedly recorded an almost $42 billion net loss in 2025, about five times the previous year's figure.

The Next Web (TNW)Media1h ago#ipo#frontier-ai#fundraising