Category Archives: alibaba group

Alibaba passes IBM in cloud infrastructure market with over $2B in revenue

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When Alibaba entered the cloud infrastructure market in earnest in 2015 it had ambitious goals, and it has been growing steadily. Today, the Chinese ecommerce giant announced quarterly cloud revenue of $2.194 billion. With that number, it has passed IBM’s $1.65 billion revenue result (according to Synergy Research market share numbers), a significant milestone. But […] Continue reading Alibaba passes IBM in cloud infrastructure market with over $2B in revenue→

Will China’s coronavirus-related trends shape the future for American VCs?

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There may be dark horses waiting to break out when this pandemic is over. Paraphrasing “A Tale of Two Cities,” this is the worst time, but also maybe the best time. Continue reading Will China’s coronavirus-related trends shape the future for American VCs?→

Databricks brings its Delta Lake project to the Linux Foundation

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Databricks, the big data analytics service founded by the original developers of Apache Spark, today announced that it is bringing its Delta Lake open-source project for building data lakes to the Linux Foundation and under an open governance model. The company announced the launch of Delta Lake earlier this year and even though it’s still […] Continue reading Databricks brings its Delta Lake project to the Linux Foundation→

Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks

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Alibaba Group introduced its first AI inference chip today, a neural processing unit called Hanguang 800 that it says makes performing machine learning tasks dramatically faster and more energy-efficient. The chip, announced today during Alibaba Cloud’s annual Apsara Computing Conference in Hangzhou, is already being used to power features on Alibaba’s e-commerce sites, including product […] Continue reading Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks→

Alibaba to help Salesforce localize and sell in China

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Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba. Alibaba will be the exclusive provider of Salesforce to enterprise customers in mainland China, Hong Kong, Macau, and Taiwan, and Salesforce will become the exclusive enterprise CRM software […] Continue reading Alibaba to help Salesforce localize and sell in China→

Alibaba acquires Israeli VR startup Infinity Augmented Reality

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Infinity Augmented Reality, an Israeli virtual reality startup, has been acquired by Alibaba, the companies announced this weekend. The deal’s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership since 2016, when Alibaba Group led InfinityAR’s Series C. Since then, the two have collaborated on augmented reality, computer vision and artificial intelligence […] Continue reading Alibaba acquires Israeli VR startup Infinity Augmented Reality→

IaaS public cloud services market grew 29.5% in 2017

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The worldwide infrastructure as a service (IaaS) market grew 29.5 percent in 2017 to total $23.5 billion, up from $18.2 billion in 2016, according to Gartner. Amazon was the No. 1 vendor in the IaaS market in 2017, followed by Microsoft, Alibaba, Googl… Continue reading IaaS public cloud services market grew 29.5% in 2017→

Marissa Mayer resigning from Yahoo board as remaining company renames itself Altaba

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marissa-mayer15 Despite hiccups, Yahoo’s planned sale to Verizon appears to be moving forward — but some portions of the company will be left behind and renamed Altaba Inc.
Yahoo is hanging on to its 15 percent stake in Alibaba and its 35.5 percent stake in Yahoo Japan, and those assets will survive as an investment company under the new name Altaba Inc., as the rest of Yahoo integrates with Verizon. Read More Continue reading Marissa Mayer resigning from Yahoo board as remaining company renames itself Altaba→

The giant’s fall

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maxresdefault One of the saddest scenes in the Lord Of The Rings trilogy is watching the slow-moving Ents – the massive tree shepherds that took days to decide whether or not to react Sauron’s onslaught – are cut down by the wily Orcs. Only a few fall in the battle but when they do the giants of the forests that at first seemed so powerful are exposed to be easily vanquished. They won… Read More Continue reading The giant’s fall→