Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Orlando-based startup Relativity Networks has raised $22 million in SAFE notes from Rhapsody Venture Partners and Bell Ventures to develop faster air-core fiber optic technology for data centers, and has secured a $40 million order from a hyperscaler customer. The technology aims to address data synchronization bottlenecks between distant AI facilities by transmitting light through air rather than traditional glass-core fiber.
