September 25, 2026
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Tag : cloud computing

Business

Alibaba secures HK$80 billion to expand AI investment

omandailynews.com
HONG KONG / RankWire.AI / – Alibaba Group has priced an HK$80 billion share placement to fund artificial intelligence investment and expand its AI infrastructure. The Chinese technology group will issue 710 million new ordinary shares at HK$112.70 each. The deal is worth about US$10.2 billion at current exchange rates.......
Business

Alphabet becomes fourth company to cross $4 trillion valuation

omandailynews.com
MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The milestone was achieved during intraday trading as Alphabet’s Class A and Class C shares......