Alibaba's HK$80 Billion Share Issue for AI Expansion

Alibaba plans an HK$80 billion share issue to fund its global AI initiatives, aiming to raise US$10.2 billion. This move seeks to enhance capabilities in chips, computing, and AI applications, attracting strong investor interest. OpenAI warns of AI-driven cyber-attacks, emphasizing the need for safety standards and governance. Nvidia increases AI server prices by over 15% due to rising memory costs, impacting major tech firms. Additional stories include Meta facing lawsuits over addicting minors, and the potential sale of Hugging Face valued at $13 billion.