Tag: technological advancement
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Alibaba Advances in AI and Cloud Amid Global Trade Challenges
In a whirlwind of developments, Alibaba Group Holding Ltd. has been making headlines with its strategic moves in artificial intelligence (AI) and cloud computing, even as it navigates the turbulent waters of global trade tensions and market volatility. From launching innovative AI talent programs to unveiling new AI models and tools for international customers, Alibaba…
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Huawei’s 2024 Revenue Soars to CNY862.1B Despite Profit Dip
Huawei’s 2024 Performance and Strategic Moves Signal Robust Growth Amid Challenges In 2024, Huawei Technologies reported a significant surge in revenue, reaching a near-record high of CNY862.1 billion, marking a 22.4% increase from the previous year. Despite a 28% drop in net profit to CNY62.6 billion, attributed to heavy investments in research and development (R&D),…