tech

Yiwen Lu7/31/24

Alibaba aims new AI search at businesses

Alibaba will launch an AI-powered search engine for international merchants in September, the Chinese e-commerce giant said on Wednesday.

Traditionally, businesses would have to manually search and sift through thousands of websites to find the right product. Their new AI chatbot trained on Alibaba’s 1 billion product listings and other industry-specific documents will save buyers time finding the right suppliers, the company said.

Alibaba’s international commerce business, which includes Singapore-based Lazada and AliExpress, was the company’s fastest-growing segment in the latest quarter. Simultaneously, their competition grew domestically and direct retail sales within China contracted.

The company also sees an opportunity to expand its business-to-business marketplace, its oldest division. If there is anything for Chinese e-commerce companies to learn from recent scrutiny over Shein and Temu, whose suppliers protested against price squeezes this week, it is that building a marketplace for businesses is safer than one for consumers.

Alibaba now has 50 million buyers and 200,000 suppliers. But the company said that the new tool will become available to all small businesses, regardless of whether they are Alibaba customers.

More Tech

tech

OpenAI files confidentially for IPO

Today OpenAI announced it has filed confidentially with the SEC to go public. The company said in a blog post that it filed the draft S-1 form.

OpenAI’s filing comes a week after arch-rival Anthropic — now valued at $965 billion — also filed a confidential S-1 for its own public offering. Both IPOs are expected to be among the largest in US history.

In a press release, OpenAI wrote:

“We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”

Confidential submission of draft S-1 to the SEC

Confidential submission of draft S-1 to the SEC

In a press release, OpenAI wrote:

“We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”

Rani Molla, Jon Keegan

Siri AI is going to be great for Apple — if it works. Sound familiar?

At Apple’s developer conference, the company announced a better, faster, stronger Siri... again.

Tim Cook Apple WWDC 2026

South by Southwest Conference and Festivals

The number of Tesla Robotaxis on the road has been going down

That’s the wrong direction for a business trying to scale its autonomous vehicles.

tech

Intel shares soar on report of Google chip deal, possible future Nvidia business

Shares of Intel soared in early trading on a report that Google and Nvidia are considering turning to the chipmaker as a backup supplier to TSMC, as surging demand continues to outpace supply.

The Information reports that Google has placed an order with Intel to manufacture more than 3 million of its increasingly popular tensor processing unit chips in 2028.

According to the report, Nvidia is currently testing to see if Intel could manufacture its next-gen Feynman chips.

Taiwan-based TSMC has enjoyed a huge lead in the market of manufacturing advanced chips for Apple, Nvidia, and others.

Intel has been struggling to fight its way back into the AI chip business, but has made headway with the help of the Trump administration, which sought to shore American chipmaking with a $8.9 billion investment of taxpayer money, and several high-profile deals.

Google and Nvidia Consider Intel as Backup Chip Manufacturer

Google and Nvidia Consider Intel as Backup Chip Manufacturer

The Information reports that Google has placed an order with Intel to manufacture more than 3 million of its increasingly popular tensor processing unit chips in 2028.

According to the report, Nvidia is currently testing to see if Intel could manufacture its next-gen Feynman chips.

Taiwan-based TSMC has enjoyed a huge lead in the market of manufacturing advanced chips for Apple, Nvidia, and others.

Intel has been struggling to fight its way back into the AI chip business, but has made headway with the help of the Trump administration, which sought to shore American chipmaking with a $8.9 billion investment of taxpayer money, and several high-profile deals.

ChatGPT failed to kill Google Search

With Google’s multibillion user moat and deep pockets, it’s thriving despite OpenAI’s first-mover advantage.

Computer Men Wrestling

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC