logo
Alibaba to launch AI-powered glasses creating a Chinese rival to Meta

Alibaba to launch AI-powered glasses creating a Chinese rival to Meta

CNBC28-07-2025
Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm's first foray into the product category.
The e-commerce giant said the Quark AI Glasses will be launched in China by the end of 2025 with hardware powered by the firm's Qwen large language model and its advanced AI assistant called Quark.
The Hangzhou, headquartered company is one of the leaders in China's AI space, aggressively launching new models with capabilities that compete with Western counterparts like OpenAI.
Many tech companies see wearables, specifically glasses, as the next frontier in computing alongside the smartphone. Quark, released this year, is currently available as an app in China. Alibaba is stepping into the hardware game as a way to distribute the app more widely.
The Quark AI Glasses are Alibaba's answer to Meta's smart glasses that were designed in collaboration with Ray-Ban. The Chinese tech giant will also now compete with Chinese consumer electronics player Xiaomi who this year released its own AI glasses.
Alibaba said its glasses will support hands-free calling, music streaming, real-time language translation, and meeting transcription. The glasses also feature a built-in camera.
Alibaba owns a range of different services in China from mapping to an online travel agent. Its affiliate company Ant Group also runs the widely-used Alipay mobile service. Alibaba said users will be able to use a navigation service via the glasses, pay with Alipay and shop on Taobao, its China e-commerce platform.
The firm has yet to release other details such as the price and technical specifications.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Capricor Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action
ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Capricor Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action

Business Upturn

time22 minutes ago

  • Business Upturn

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Capricor Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action

NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Capricor Therapeutics, Inc. (NASDAQ: CAPR) between October 9, 2024 and July 10, 2025, both dates inclusive (the 'Class Period'), of the important September 15, 2025 lead plaintiff deadline. SO WHAT: If you purchased Capricor securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Capricor class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 15, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants provided investors with material information concerning deramiocel, Capricor's lead cell therapy candidate drug for the treatment of cardiomyopathy associated with Duchenne muscular dystrophy (DMD). Defendants' statements included, among other things, Capricor's ability to obtain a Biologics License Application (BLA) for deramiocel from the U.S. Food and Drug Administration (FDA). Further, defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning its four-year safety and efficacy data from its Phase 2 HOPE-2 trial study of deramiocel. The lawsuit alleges this caused shareholders to purchase Capricor's securities at artificially inflated prices. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Capricor class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]

Gridlock on the Western grid
Gridlock on the Western grid

Politico

time22 minutes ago

  • Politico

Gridlock on the Western grid

With help from Noah Baustin, Alex Nieves and Saqib Rahim POWER PLAYS: California wants to lead the West into a unified electricity market. The problem? California. Lawmakers have just over a month to salvage legislation that could reshape the Western power grid. Forming an independent West-wide grid operator to manage electricity trading a day ahead of time, as Gov. Gavin Newsom and Democratic lawmakers are proposing, would expand on the real-time trading market already run by California's grid operator. The promised benefits include more easily exporting the state's surplus solar during the daytime and tapping the Pacific Northwest's steady hydropower during the evening, when solar goes down and power demand spikes. The catch: California wants to drive the transition, and the rest of the West won't get in the car unless it lets go of the wheel. Former Public Utilities Commission President Loretta Lynch, one of the foremost opponents, warned lawmakers this spring that the new regional grid would 'give up control of the pilot seat' and expose Californians to higher costs and out-of-state fossil fuels. Ratepayer advocates and some environmental groups have echoed the concerns — pushing for tighter legal safeguards in case legal challengers or the Trump administration try to use a new regional grid to undercut California's leading renewable energy laws. (Meanwhile, East Coast Democrats have been bashing their own regional grid operator for rising power costs.) Backers, both inside and outside California, say the fears are overblown. They're also running out of time. A rival regional market based in Arkansas is gaining traction, winning commitments from Arizona and Washington utilities that once considered teaming with California. They cited a more palatable governance structure even if costs might be lower in California. (Still up for grabs: energy providers in states like Colorado, New Mexico and Idaho.) 'If we don't do this, then we could lose all of our neighbors to the market out of Arkansas,' said Sen. Josh Becker, author of the bill, SB 540, that would pave the way for California to set up the regional grid. 'It can't look like, and it can't actually be, a California-dominated market.' But amendments Becker took in May to get through the Senate Appropriations Committee — which added a California oversight council made up of lawmakers with power to pull out of the new market — have spooked backers. Environmental groups that once co-sponsored the bill have pulled their support, warning that the new structure is too California-centric to attract other states. Utilities central to California's plan, including Pacific Gas & Electric and PacifiCorp, told lawmakers that the new bill could drive trading partners to sign on to the rival market instead, which would drive up the cost of getting energy in moments of grid stress. Becker said he's gotten an earful across state lines. At last month's National Caucus of Environmental Legislators meeting, Oregon lawmakers pulled him aside during dinner to press for an update. 'They really want this to happen,' he said. He's also heard from curious (but largely agnostic) Utah and Washington legislators, he said. The effort still has momentum. The bill passed the Senate unanimously in June, with strong backing from Senate President Pro Tem Mike McGuire. This month, both Newsom and Assembly Speaker Robert Rivas publicly pledged to stand up the regional grid, with Newsom calling it 'our best shot at lowering energy costs' in a year dominated by affordability concerns. They stopped short of endorsing the current version of SB 540, however. Becker said the bill is 'untenable' as written but that he expects to amend the bill once lawmakers return from summer recess on Aug. 18. Even if it passes, the deal isn't done. Kathleen Staks, executive director of Western Freedom, an organization representing large industrial and commercial power customers who want a regional grid, and a key leader of the West-Wide Governance Pathways Initiative, said her main focus right now was keeping the coalition together — a broad group that includes utilities who've already committed to California's regional grid like PacifiCorp, companies like Amazon and Rivian, and former skeptics like labor unions, who were worried about ceding control over California's energy but were mollified by backers promising that wouldn't happen. 'When you're talking about that kind of an investment, you need some certainty — and creating that certainty from California is really critical,' Staks said. 'Being able to build trust that has been lost, and maybe in some places was never even there, is going to be what we have to work on next.' — CvK Did someone forward you this newsletter? Sign up here! CUTTING THE LINE: California is on its way to establishing 30 experimental gas-free communities. On Thursday, scores of people eagerly urged the California Public Utilities Commission not to choose their town. 'I really like my gas appliances. I don't want to get rid of them,' said one Costa Mesa caller during the agency's public forum on designating 'neighborhood decarbonization zones.' A similar sentiment was shared by many commenters, perhaps a sign that a Southern California Gas Co. email blast encouraging customers to weigh in at the forum hit home. But the opposition was far from unanimous. A City of Santa Barbara staffer called in expressing the municipality's interest in participating in the program. The controversy stems from the 2024 passage of SB 1221, which instructed the CPUC to set up pilot project zones in which utilities would be relieved of their obligation to provide natural gas in the area to help customers instead transition to zero-emission alternatives. In July, California's utilities submitted maps showing where they planned to replace pipelines in coming years. But Denise Grab, energy law and policy project director for the UCLA Emmett Institute on Climate Change and the Environment, worries that the maps highlight such a wide swath of locations that it could overwhelm the CPUC, slowing the program's progress. 'When everything is a priority (neighborhood decarbonization zone), nothing is a priority,' Grab wrote in a post on Legal Planet. Pacific Gas & Electric, SoCalGas and San Diego Gas & Electric didn't immediately respond to requests for comment. The agency has until Jan. 1, 2026, to choose its priority neighborhoods, and another six months to set up the pilot programs. Energy customers in the chosen zones will get a chance to vote on whether they want to participate, and a community will need at least 67 percent of customers' ayes to set up a pilot. — NB RETURN OF THE SUN: The California Supreme Court gave rooftop solar advocates a small win Thursday. The state's highest court ruled that a lower court had deferred too much to state utility regulators when it upheld the California Public Utilities Commission' 2022 decision to slash incentives to new rooftop solar customers. The case now goes back to the court of appeals, where a judge will have to consider the arguments for and against with fresh eyes. The decision means the fight over the payments rooftop solar customers get from selling energy back to the grid through a process called 'net metering' will continue on. But it also has broader implications for the CPUC, which is now on the back foot in other legal disputes over its various decisions. 'This is the highest court in the state saying, 'Look, you have to follow the law closely,'' said Roger Lin, an attorney for the Center for Biological Diversity, one of the plaintiffs alongside the Environmental Working Group and the Protect Our Communities Foundation. Terrie Prosper, a CPUC spokesperson, said the agency appreciates 'the Court's careful attention to the appropriate standard of deference for reviewing CPUC decisions.' 'We are pleased that the CPUC's decision will remain in effect as an important part of controlling electricity bills,' she said. — CvK SMOG SETTLEMENT: U.S. EPA officials have agreed to issue a decision by next month on whether the Central Valley is out of compliance with federal standards for smog-forming ozone. The agency agreed in a proposed lawsuit settlement released Thursday to issue a final rule by Sept. 15 on whether the San Joaquin Valley meets the 1997 federal ozone standard of 80 parts per billion, Sean Reilly reports for POLITICO's E&E News. If a judge approves the deal between EPA and groups, including the Committee for a Better Arvin and the Sierra Club, federal officials would also face a January deadline to decide on a 'contingency measure' to cut vehicle tailpipe pollution in the region. The Central Valley and Southern California consistently rank among the smoggiest regions in the U.S, and are both in 'extreme' nonattainment for ozone, the lowest ranking on EPA's scale. Ozone is the main component of smog, which increases the risk of respiratory and cardiovascular diseases. — AN, SR DISASTER DRAMA: The insurance industry is pushing back on Sen. Adam Schiff's attempt to create a federal backstop to stabilize state insurance markets. Congressional Democrats are proposing a federal reinsurance program that would cap the amount insurers pay in claims after large disasters. The program, funded by premiums, would pay out the remainder of the claim after the cap is reached. The American Property Casualty Insurance Association and National Association of Mutual Insurance Cos. warn that the proposal would create incentives for people to live in high-risk areas and artificially suppress rates, as Saqib Rahim reports for POLITICO's E&E News. Schiff's bill is an attempt to lower the cost of reinsurance, essentially insurance for insurance companies, which providers buy to pay a portion of claims after a catastrophic event — like the Los Angeles wildfires earlier this year. Schiff introduced a similar bill in 2024 while serving in the House. That effort died in committee. — AN, SR — New research finds that ropeless fishing gear can avoid whale entanglements while also preserving yield for commercial Dungeness crab fishermen. — A new giant solar-plus-storage power plant in the Mojave Desert will power seven percent of the city of Los Angeles. — Venture capital funding for solar companies fell significantly in the first half of this year — but project acquisitions and mergers picked up.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store