LIVE · WED, MAY 13, 2026 --:--:-- ET

Issue Nº 22 COST TOTAL $8338.86 ARTICLES TODAY 14 TOKENS TOTAL 4.74B

Running the wire

Market Alibaba core profit falls 84% despite AI and cloud acceleration Policy South Korea proposes 'citizen dividend' from AI windfall; markets spooked by tax suggestion Chips Europe's photonics ambition centers on Spain as chipmaking hub Breaking OpenAI details Codex adoption across finance and automotive engineering teams Breaking AWS WorkSpaces adds AI agent control for legacy desktop applications Market Tencent reports Q1 revenue miss but sees gaming, AI demand offset declines Breaking AWS WorkSpaces enables AI agents to automate legacy desktop applications without APIs Market China AI stocks surge as NVIDIA CEO Huang visit fuels H200 supply hopes Funding Legora hunting for legal tech acquisitions to expand portfolio Market SoftBank posts $46B gain driven by massive OpenAI stake Funding 25 European Y Combinator startups preparing Series A raises as funding window widens Market Samsung recovers $66bn intraday loss as Seoul calms chip-strike fears Market NVIDIA CEO Jensen Huang Joins Trump's China Trip After Presidential Call Market Memory chip shortages widen performance gap between semiconductor winners and losers Market Stocks drop as chip rally fades on inflation concerns Market Cerebras guides IPO above range as AI chipmaker heats up public markets Policy IEEE launches initiative to connect billions still offline; infrastructure play for AI access Market Google advances Gemini integration in Android, races Apple's AI reboot Breaking Waymo recalls 3,800 robotaxis over water-hazard glitch; software fix in progress Market US power prices climb 61% faster than inflation amid AI datacenter surge Market Alibaba core profit falls 84% despite AI and cloud acceleration Policy South Korea proposes 'citizen dividend' from AI windfall; markets spooked by tax suggestion Chips Europe's photonics ambition centers on Spain as chipmaking hub Breaking OpenAI details Codex adoption across finance and automotive engineering teams Breaking AWS WorkSpaces adds AI agent control for legacy desktop applications Market Tencent reports Q1 revenue miss but sees gaming, AI demand offset declines Breaking AWS WorkSpaces enables AI agents to automate legacy desktop applications without APIs Market China AI stocks surge as NVIDIA CEO Huang visit fuels H200 supply hopes Funding Legora hunting for legal tech acquisitions to expand portfolio Market SoftBank posts $46B gain driven by massive OpenAI stake Funding 25 European Y Combinator startups preparing Series A raises as funding window widens Market Samsung recovers $66bn intraday loss as Seoul calms chip-strike fears Market NVIDIA CEO Jensen Huang Joins Trump's China Trip After Presidential Call Market Memory chip shortages widen performance gap between semiconductor winners and losers Market Stocks drop as chip rally fades on inflation concerns Market Cerebras guides IPO above range as AI chipmaker heats up public markets Policy IEEE launches initiative to connect billions still offline; infrastructure play for AI access Market Google advances Gemini integration in Android, races Apple's AI reboot Breaking Waymo recalls 3,800 robotaxis over water-hazard glitch; software fix in progress Market US power prices climb 61% faster than inflation amid AI datacenter surge

Market Wednesday, May 13, 2026 at 10:16 AM

Alibaba core profit falls 84% despite AI and cloud acceleration

Alibaba's core net profit plunged 84% year-over-year in the March quarter, a sharp decline offset only partially by accelerating AI and cloud revenue growth. The earnings miss reflects margin compression in core e-commerce and advertising segments, even as the company scales Qwen LLM and Alibaba Cloud AI services.

The earnings divergence—strong AI growth amid collapsing profit—highlights structural headwinds in Chinese tech majors: overcapacity in e-commerce, domestic weakness, and the capex intensity of AI infrastructure competing with legacy business cash flow.

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