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AI chip startup Sapeon, backed by South Korean conglomerate SK Group, announces the Sapeon X330, claiming 4x the performance of the X220, rolling out in H1 2024 (Yoolim Lee/Bloomberg) 16-11-2023

Yoolim Lee / Bloomberg: AI chip startup Sapeon, backed by South Korean conglomerate SK Group, announces the Sapeon X330, claiming 4x the performance of the X220, rolling out in H1 2024  —  – Korean conglomerate SK Group hopes to build Nvidia alternative  — SK Telecom split off Sapeon to accelerate AI chip development Lees verder op Tech Meme

Alibaba reports Q2 revenue up 9% YoY to ~$31B, beating ~$30.9B est., a ~$3.8B net income, up from a ~$3B loss in Q2 2022, and calls off its cloud spinoff (Jane Zhang/Bloomberg) 16-11-2023

Jane Zhang / Bloomberg: Alibaba reports Q2 revenue up 9% YoY to ~$31B, beating ~$30.9B est., a ~$3.8B net income, up from a ~$3B loss in Q2 2022, and calls off its cloud spinoff  —  – The decision marks a dramatic reversal on a signature move  — Alibaba’s historic six-way restructuring is now in doubt Lees verder op Tech Meme

Alibaba filing: Jack Ma's family trust plans to sell 10M American Depository Shares of Alibaba for around $871M; BABA drops 8%+ (Akash Sriram/Reuters) 16-11-2023

Akash Sriram / Reuters: Alibaba filing: Jack Ma’s family trust plans to sell 10M American Depository Shares of Alibaba for around $871M; BABA drops 8%+  —  Chinese billionaire Jack Ma’s family trust is set to sell 10 million American Depository Shares of Alibaba Group Holdings (9988.HK), for about $871 million … Lees verder op Tech Meme