Latest news with #AntGroupCo.
Bloomberg
24-03-2025
- Business
- Bloomberg
Stock Movers: Apple, Ant, Clearlake
On this episode of Stock Movers: - Apple is exploring the idea of adding cameras and visual intelligence features to its smartwatch, thrusting the company into the AI wearables market. Also: Apple makes major executive changes following its Siri struggles, while the EU is pushing hard to open up iOS. - Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., to train models using the so-called Mixture of Experts machine learning approach, the people said. It got results similar to those from Nvidia Corp. chips like the H800, they said, asking not to be named as the information isn't public. - Clearlake Capital Group has agreed to acquire Dun & Bradstreet Holdings Inc. in a deal that values one of Wall Street's oldest data and analytics providers at $4.1 billion. The private equity firm will pay $9.15 per share in cash for Jacksonville, Florida-based Dun & Bradstreet, according to a statement Monday that confirmed an earlier Bloomberg News report.
Bloomberg
24-03-2025
- Business
- Bloomberg
Jack Ma-Backed Ant Touts AI Breakthrough Built on Chinese Chips
Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., to train models using the so-called Mixture of Experts machine learning approach, the people said. It got results similar to those from Nvidia Corp. chips like the H800, they said, asking not to be named as the information isn't public. Ant is still using Nvidia for AI development but is now relying mostly on alternatives including from Advanced Micro Devices Inc. and Chinese chips for its latest models, one of the people said.
