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Alibaba’s Earnings Dip Amid Heavy AI Investments

Key Points: Alibaba's net income dropped 66% year-over-year. Revenue missed analyst expectations, reaching 284.8 billion Chinese yuan. Heavy investments in AI, quick commerce, and user experience impacted operational income. Cloud business revenue grew 36%, with AI-related products showing triple-digit growth. Alibaba, the Chinese tech giant, saw its net income tumble by 66% year-over-year, missing analyst revenue expectations for the fiscal quarter ending December 31, 2025....

Oil Prices Surge Past $110 as War Destroys Gulf Energy Infrastructure

Key Points: Brent crude briefly crossed $119 per barrel after new attacks on Middle Eastern energy infrastructure. Israel struck Iran's massive South Pars gas field, sparking immediate retaliation. Iran attacked critical refineries and export terminals in Saudi Arabia, Kuwait, and the UAE. US Treasury Secretary Scott Bessent suggested removing sanctions on 191 million barrels of Iranian crude. Global oil markets are completely panicking. Prices for...

Samsung Plans Massive Investment in AI and New Tech

Key Points: Samsung plans to invest over $73 billion in AI and semiconductors this year. The company aims to lead the AI semiconductor industry. Samsung is exploring mergers and acquisitions in robotics and medical technology. Other M&A targets include auto electronics and air-conditioning solutions. Samsung Electronics announced Thursday a significant investment of over 110 trillion won (approximately $73.24 billion) this year. The company aims to...