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Alibaba and Tencent Lose $66 Billion in Market Value Amid AI Profit Doubts

Key Points: Alibaba and Tencent saw a combined $66 billion wiped from their market value in just 24 hours. Investors are increasingly anxious about the massive investments Chinese tech giants are making in artificial intelligence without clear plans for generating revenue. Alibaba reported a massive 67% drop in its quarterly net income, further spooking the market. Despite promising new AI tools like the OpenClaw platform,...

Terabyte Internet Speeds, A Groundbreaking Leap in Connectivity Beckons

Key Points Terabyte-level internet speeds promise a thousandfold increase in data transmission, redefining global digital connectivity and interaction. Advancements in fiber optics, quantum computing, and data compression are driving this monumental leap in data handling and transmission. In 2020, engineers reached 178 Tb/s, demonstrating the potential to download massive amounts of data, such as the entire Netflix library, in under a second. Infrastructure, cybersecurity, and...

European Union Scrambles for Fixes as Iran War Sends Energy Prices Soaring

Key Points: EU leaders are discussing temporary measures like tax cuts and state support to counter surging energy prices. The ongoing US-Israeli war with Iran has severely disrupted global oil and natural gas supplies. European gas prices have doubled since the conflict began on February 28. The European Commission plans a 30-billion-euro "investment booster" for decarbonization projects. European Union leaders met in Brussels on Thursday,...