Core Insights - Alibaba's shares increased following reports that it secured a significant customer for its AI chips, specifically China Unicom [1][2] - China Unicom will utilize Alibaba's AI accelerators as part of a new data center project, which will also incorporate chips from other domestic companies [3] - The partnership highlights China's push to enhance the use of domestic semiconductors for AI amid uncertainties regarding Nvidia's access to the Chinese market [3][4] Company Developments - Alibaba's computing power will be integrated into China Unicom's new data center project, which is located in Qinghai province [3][5] - The collaboration was revealed through a CCTV report showcasing a billboard related to China Unicom's Sanjiangyuan data center [5] - Alibaba is recognized as a leading player in AI and cloud computing in China, with ongoing development of its own AI models and new AI chips [4]

Core Viewpoint - GSK has committed to investing at least $30 billion in U.S. research and development (R&D) and manufacturing over the next five years, which includes a focus on advanced manufacturing and digital technologies [1][2]. Investment Commitment - The investment will include $1.2 billion specifically allocated for advanced manufacturing, artificial intelligence (AI), and advanced digital technologies to create next-generation biopharma factories and laboratories in the U.S. [1][2]. Context of the Announcement - This investment announcement coincides with President Donald Trump's state visit to the U.K., highlighting the collaboration between the two countries in science and healthcare innovation [2].

Core Insights - Baidu has launched multiple AI applications following the public approval of its Ernie chatbot, leading to a significant increase in its stock price [1] - The company secured an AI-related partnership with China Merchants Group, focusing on large language models and AI applications [2] - Baidu is actively pursuing its AI business, including a $56.2 million offshore bond offering to enhance its competitive position in the AI sector [3] Group 1 - Baidu's shares in Hong Kong surged by up to 12% and gained 9% in U.S. trading, reflecting strong market confidence in its AI initiatives [1] - The partnership with China Merchants Group aims to develop scalable and sustainable industrial intelligence solutions [2] - The offshore bond offering of 4.4 billion yuan ($56.2 million) is part of Baidu's strategy to strengthen its financial resources for AI competition [3] Group 2 - The company is focusing on applications of large language models and AI agents, indicating a strategic shift towards advanced AI technologies [2] - Other Chinese tech firms, such as Tencent, are also raising funds to enhance their AI capabilities, highlighting the competitive landscape in the industry [3]

Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025.Amazon CEO Andy Jassy said Tuesday that he's working to root out bureaucracy from within the company's ranks as part of an effort to reset its culture.Speaking at Amazon's annual conference for third-party sellers in Seattle, Jassy said the changes are necessary for the company to be able to innovate faster."I would say bureaucracy is really anathema to startups and to entrepreneurial organizations," Jassy said. "As you ...

Tokyo is one of the most densely populated cities in the world, while rural areas of Japan are suffering with ageing populations and declining birth rates.Asia-Pacific markets traded mixed Wednesday, after Wall Street declined as investors awaited the key monetary policy decision from the U.S. Federal Reserve's two-day meeting, where it is expected to cut interest rates.Japan's benchmark Nikkei 225 index reversed losses from the start of the trading session to rise 0.17%, while the Topix index fell 0.4%.The ...

CNBC's Jim Cramer on Tuesday told investors why he thinks JPMorgan might be the next non-tech stock to hit $1 trillion in market cap."JPMorgan's got something special. It excels at so many things: lending, capital markets, trading, and perhaps most important, statesmanship, with CEO Jamie Dimon performing at a level that's rare for any industry," he said. "JP Morgan has always been a top-quality bank, but it's now become a fantastic place to work, and its global reach is unmatched. There's a reason its mark ...

The StubHub logo is seen at its headquarters in San Francisco.Online ticket platform StubHub is pricing its IPO at $23.50, CNBC's Leslie Picker confirmed on Tuesday.The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing gives StubHub a valuation of $8.6 billion. StubHub will trade on the New York Stock Exchange under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, and was acquired by eBay for $310 million seven ...

Core Viewpoint - Apple is making significant progress in bringing manufacturing to the U.S., with a commitment of $600 billion over the next four years, including investments in various projects and partnerships [2][4]. Group 1: Investment Commitments - Apple announced a $500 billion commitment earlier this year to enhance domestic manufacturing capabilities [2]. - The company has pledged $2.5 billion to Corning's Kentucky glass factory to produce glass for iPhones and Apple Watches [2]. - An additional $100 billion will be spent on U.S. companies and suppliers, as part of the broader $600 billion investment plan [2]. Group 2: Supply Chain Development - Apple aims to establish an end-to-end silicon supply chain, with a target of producing 19 billion chips for its products in the current year [3]. - The company is investing in Taiwan Semiconductor's advanced chip fabrication plant, which will be the most advanced in the U.S. [3]. - A partnership with MP Materials for rare earth magnets is also part of Apple's strategy to strengthen its supply chain [3]. Group 3: Regulatory Environment - Apple maintains a positive relationship with the Trump administration, focusing on reducing regulatory barriers for building new factories and data centers [4]. - The administration's recent announcement of a 100% tariff on semiconductor imports, exempting companies like Apple that manufacture in the U.S., is seen as beneficial for Apple's operations [4].

Federal Reserve Chairman Jerome Powell speaks at Jackson Hole on Aug. 22, 2025 in Wyoming.David A. Grogan | CNBCThe Federal Reserve meets this week with some big items on the agenda: An important rate decision and forecast of what's ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers.On the monetary side, the Federal Open Market Committee on Wednesday will release its ruling on where it will set the overnight borrowing rate. Along with that, officials will sketch ...

Group 1 - The current mortgage rate environment is similar to September 2024, with a significant chance of a Fed rate cut, which previously led to an increase in mortgage rates despite the cut [1] - The average rate on the 30-year fixed mortgage has decreased by 12 basis points to 6.13%, marking the lowest level since late 2022 [1] - Historical trends indicate that Fed rate cuts during recessionary periods tend to lower long-term rates, while cuts in non-recessionary environments do not have the same effect [3] Group 2 - Expectations are for at least a 25 basis point cut from the Fed, but this may not significantly impact long-term rates [3] - There is a possibility that the 10-year yield may sell off after the Fed announces the rate cut, as market behavior often involves buying on rumors and selling on news [4]