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Alibaba Shares Soar Over 6% After CEO Unveils Aggressive AI Expansion Plans

Alibaba Group’s stock jumped more than 6% on Wednesday after CEO Eddie Wu announced ambitious plans to ramp up investment in artificial intelligence and unveiled its most advanced AI model yet. The strong market reaction echoes growing investor confidence in Alibaba’s pivot from pure e-commerce toward becoming an AI powerhouse. At its annual conference, Alibaba […]

digital asset

Bitcoin Breaks $111,000 Barrier, Setting New All-Time High Amid Institutional Surge

Bitcoin Hits $111,886 Amid Institutional Investment Surge: Digital asset Bitcoin achieved abitcoin hits high of $111,886 on May 22, 2025, exceeding the $111,000 barrier. This significant achievement demonstrates the cryptocurrency’s outstanding development and durability, as it reflects a 47% increase from its April low of $74,500. The increase of capital into current Bitcoin ETFs, which […]

SoftBank Plans $40 Billion Investment in OpenAI, Valuing AI Leader at $260 Billion

SoftBank Group, under the leadership of CEO Masayoshi Son, is reportedly preparing to invest $40 billion in artificial intelligence pioneer OpenAI, valuing the company at $260 billion. This move would position SoftBank as OpenAI’s largest investor, surpassing Microsoft’s previous investments totaling over $13 billion.   The investment is part of a broader collaboration between SoftBank […]

Trump Says Nippon Steel Will Invest Heavily in U.S. Steel Instead of Acquisition

Former President Donald Trump has announced that Nippon Steel will invest heavily in U.S. Steel rather than pursuing an acquisition of the company. The decision comes amid growing concerns over foreign ownership of critical U.S. industries and follows months of negotiations between the two companies. Nippon Steel’s investment is expected to focus on modernizing U.S. […]