Alibaba just revealed it’s behind a viral AI video model dominating leaderboards
A mysterious AI video model that has ascended global leaderboards has been confirmed as a project under Alibaba.
China’s Xi invokes ‘threat’ of Taiwan independence in first cross-strait opposition talks in a decade
Xi Jinping hosted Taiwan’s main opposition leader in Beijing for the first time in a decade, ahead of a high-stakes meeting with Trump in May and Taiwan’s presidential election in 2028.
TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong
TSMC is benefiting from sustained demand for advanced semiconductors from its key customers like Apple and Nvidia.
Behind China’s ‘active efforts’ for an Iran ceasefire: Business trumps politics
The big risk for Beijing is that the Iran war drags down global demand for the exports that are driving China’s economic growth.
Eli Lilly market share drops, Novo Nordisk holds firm as generic weight-loss drugs flood India
Eli Lilly loses share in India’s GLP‑1 market as cheap semaglutide generics surge, while Novo holds steady after deep price cuts to defend Ozempic, Wegovy.
European stocks end higher, defense shares tumble on Ukraine-Russia deal progress reports
Shares in Europe closed higher on Friday as the fragile ceasefire between the U.S. and Iran continues to test investors’ nerves.
CNBC Daily Open: Truce tested ahead of ceasefire talks in Pakistan
The fragile ceasefire between the U.S. and Iran is facing multiple tests ahead of negotiations in Pakistan this weekend.
The Trump administration is getting angry as EU Big Tech fines top $7 billion in 2 years
The European Commission and Trump administration are increasingly clashing over the bloc’s actions against U.S. tech companies.
Investors are questioning gold’s role in portfolios, says Morgan Stanley — but another metal is set to outperform
Gold’s conventional role as a portfolio risk management tool has been brought into question over a dramatic five-week period for commodity prices
Anthropic weighs building its own AI chips: Reuters
Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a chronic shortage of AI chips.
