Alibabas

Alibaba’s Secret AI Project to Rival ChatGPT Revealed – Internal Testing Underway!

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Beijing, China – Alibaba, the Chinese e-commerce giant, announced that they are developing a competitor to ChatGPT, an artificial intelligence chatbot that has garnered global interest. The company revealed that their in-house product is currently undergoing internal testing, aiming to offer a comparable solution to the popular chatbot. In their fiscal fourth quarter ending in March, Alibaba reported revenue that exceeded the LSEG consensus estimates. Despite this financial success, the company experienced a sharp decline …

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Investors Fret Over Alibaba’s Steep Fall as Options Traders Predict More Pain

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Hong Kong, China – Investors concerned about the plummeting value of Alibaba Group Holding Ltd. shares may have to brace for a prolonged downturn, according to options traders. The company’s stock has dropped by 75% from its 2020 peak, leading to a historically low valuation and a market cap similar to that of competitor PDD Holdings Inc. The derivatives market is signaling more potential losses, with the options skew indicating increased bearishness ahead of Alibaba’s …

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