Wall Street Breakfast Podcast: Alibaba's Goes All In on Qwen

Group 1: Alibaba's AI App Revamp - Alibaba is preparing to overhaul its main mobile AI app to resemble OpenAI's ChatGPT, with plans to update the existing "Tongyi" apps on iOS and Android and rename them "Qwen" [7] - The company aims to gradually add agentic-AI features to support shopping on platforms like Taobao, with the end goal of making Qwen a fully functioning AI agent [8] - Alibaba has dedicated over 100 developers to this project and plans to expand Qwen globally with an overseas version as part of its additional investments in AI [8] Group 2: Baidu's AI Chip Launch - Baidu unveiled two new AI processor chips at its annual technology conference, with the M100 chip focused on inference set to launch in early 2026, and the M300 chip capable of both training and inference slated for early 2027 [9] - This initiative supports China's strategy to develop a robust domestic tech stack independent of foreign chip suppliers [9] Group 3: Economic Data Release Challenges - The White House indicated that some economic data, including the October jobs and CPI reports, may never be released due to the recent government shutdown, which could impair economic policy-making [10][11] - The Bureau of Labor Statistics managed to release the September CPI report but faces challenges in retroactively collecting data for October, which could lead to inaccuracies [11]