On July 3, Nasdaq 100 futures rose over 1%, S&P 500 futures increased by 0.38%, and Dow Jones futures gained 0.2%. (Sina Finance)
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Nasdaq 100 Futures Rise Over 1%
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Alibaba's Wu Yongming: AI Annual Revenue Exceeds 49.5 Billion Yuan
On August 20, Alibaba Group (09988.HK) released its financial report for the first quarter of fiscal year 2027. During the analyst conference call, Group CEO Wu Yongming stated that AI has become the core engine driving accelerated growth for Alibaba Cloud. This quarter, the annual recurring revenue (ARR) from AI-related products surpassed 49.5 billion yuan (7.3 billion USD), accounting for 35% of Alibaba Cloud's external commercialization revenue. The gross margin for AI-related products is significantly higher than the average level for cloud products. -
ETH Surpasses $2300
Market data shows that ETH has surpassed $2300, currently priced at $2308.28, with a 24-hour increase of 20.06%. The market is highly volatile, so please ensure proper risk management. -
ETH Surpasses $2300
Market data shows that ETH has surpassed $2300, currently priced at $2308.28, with a 24-hour increase of 20.06%. The market is highly volatile, so please ensure proper risk management. -
Meta Invests Hundreds of Millions in Microsoft's Azure AI Services
Meta Platforms (META.O) is investing hundreds of millions in Microsoft's Azure AI services. Meta has quietly become one of Microsoft's largest AI clients. Shares of Meta Platforms (META.O) and Microsoft (MSFT.O) rose 1.6% in pre-market trading. -
Meta Invests Hundreds of Millions in Microsoft's Azure AI Services
Meta Platforms (META.O) is investing hundreds of millions into Microsoft's Azure AI services. Meta has quietly become one of Microsoft's largest AI clients. Shares of Meta Platforms (META.O) and Microsoft (MSFT.O) rose by 1.6% in pre-market trading. -
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X Explores Paying Creators with Stablecoins
On August 20, sources revealed that Elon Musk's social media platform X is exploring the use of stablecoins, such as Circle's USDC, to pay royalties to content creators and influencers. Discussions are still ongoing. Stablecoins have become an important tool for blockchain payments due to their faster and lower-cost cross-border payment capabilities. Recently, X has also been adjusting its creator incentive mechanisms, planning to replace the original revenue-sharing program with an 'Original Content Reward Program' to reward original content, professional opinions, reporting, creativity, and commentary. -
X Explores Paying Creators with Stablecoins
On August 20, sources revealed that Elon Musk's social media platform X is exploring the use of stablecoins, including Circle's USDC, to pay royalties to content creators and influential users. Discussions are still ongoing. Stablecoins have become an important tool for blockchain payments due to their faster and lower-cost cross-border payment capabilities. Recently, X has also been adjusting its creator incentive mechanisms, planning to replace the existing revenue-sharing program with an 'Original Content Reward Program' to reward original content, professional opinions, reporting, creativity, and commentary. -
Alibaba Q1 Revenue for FY2027 Reaches 269 Billion Yuan, Up 9% Year-on-Year
On August 20, Alibaba (09988.HK) reported a revenue of 269 billion yuan for Q1 of FY2027, compared to 247.65 billion yuan in the same period last year, marking a 9% year-on-year increase. The external revenue growth of Alibaba Cloud accelerated to 45%, and revenue from artificial intelligence-related products achieved triple-digit growth.
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