Tech Giants Navigate AI Challenges and Opportunities

From Alibaba's cancelled spin-off to U.S.-China AI dialogue, the tech industry grapples with AI's complexities.

Alibaba Group has cancelled its plan to spin off its cloud computing division due to new challenges posed by U.S. government restrictions on semiconductor exports.
U.S. President Joe Biden and China’s President Xi Jinping have agreed to initiate a dialogue between experts to discuss the risks and safety issues of artificial intelligence.
Vinod Khosla, an early backer of OpenAI, defended the company's complex structure, stating that the limit on returns for investors aligns with the nonprofit nature of OpenAI’s parent organization.
Mustafa Suleyman, co-founder of DeepMind, claimed that Google's success in its ads business has masked its failures in its artificial intelligence strategy.
Microsoft has unveiled its first server chips developed in-house in an effort to reduce its reliance on Nvidia and catch up with rivals like Amazon.
Co-founders of the defunct social media app IRL have sued SoftBank and two other investors, alleging that false claims spread by the investors led to the startup’s shutdown.