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IMF raises 2026 global growth forecast amid AI investment surge

The International Monetary Fund has upgraded its global growth projection for 2026 to 3.3 percent, crediting a surge in artificial intelligence investments and easing trade tensions for bolstering an economy showing unexpected resilience amid lingering political uncertainties. This marks a 0.2 percentage......

Philippines becomes third Southeast Asian country to ban Grok

The Philippines announced Thursday it would block Elon Musk's Grok AI chatbot "by tonight," marking the third Southeast Asian nation in under a week to restrict access amid global outcry over its use in generating sexual deepfakes of women and children. The decision came hours after X,......

Alibaba integrates Taobao and Alipay into Qwen AI app for one-click commerce

Alibaba Group Holding unveiled a transformative upgrade to its Qwen AI application on Thursday, seamlessly weaving in powerhouse consumer services such as Taobao, Alipay, the Fliggy travel platform, and Amap mapping directly into a single AI-driven interface. Users across China can now handle everything......

Chinese AI startup launches image model trained entirely on Huawei chips

A Chinese artificial intelligence startup has unveiled an advanced open-source image generation model, marking a pivotal advancement in China's drive for technological self-reliance amid ongoing U.S. export restrictions. Zhipu AI introduced GLM-Image, the first top-tier multimodal AI model fully......

Google enters Ai-powered online shopping with Gemini

Google has officially stepped into AI-assisted online commerce with the launch of a new professional version of its generative artificial intelligence model, Gemini, aiming to reshape how consumers search for products, make purchases, and interact with customer service. The updated Gemini platform allows......

Alphabet stock hits record high near $331

Alphabet's stock soared to an intraday peak of $331.48 on January 9, 2026, fueled by surging investor confidence in the Google parent's artificial intelligence prowess. The shares closed at $329.14 that Thursday, building on prior gains that saw the stock touch $330.54 following a key analyst......

xAI reports $1.46 billion quarterly loss amid rapid expansion

Elon Musk's artificial intelligence startup xAI posted a net loss of $1.46 billion in the third quarter of 2025, according to internal documents reviewed by Bloomberg. This marks a sharp rise from the $1 billion deficit in the first quarter, as the company burns through cash to erect massive data......

China halts Nvidia H200 orders pending import conditions

Beijing has instructed Chinese tech firms to pause orders for Nvidia's advanced H200 AI chips while regulators finalize import requirements, according to multiple reports this week. The directive coincides with deliberations over mandating purchases of domestic chips alongside each H200 order. This......

AI and military spending to drive 50% copper demand surge by 2040

Artificial intelligence expansion and soaring defense budgets will propel global copper demand up 50 percent by 2040, risking severe shortages that could hinder economic growth and technological progress, according to a study released Thursday by S&P Global. Annual copper demand will hit 42 million......