Alibaba

Alibaba Merges Autonomous Driving Unit with Zelos in $2 Billion Robovan Initiative Alibaba is merging its autonomous vehicle division with Chinese startup Zelos Technology to form a new entity valued at approximately $2 billion. Alibaba’s logistics arm, Cainiao, will integrate its self-driving unit into Zelos, creating a combined company expected to operate as Cainiao Robovan. This new venture will manage a fleet of over 20,000 autonomous delivery vehicles. The strategic move allows Alibaba to invest in Zelos’s expertise in Level-4 autonomous delivery solutions rather than pursuing costly in-house development. Zelos, founded in 2021, provides solutions for e-commerce, postal services, and logistics providers. The merger aims to scale autonomous delivery in China’s competitive logistics market, driven by the growth of e-commerce and rising labor costs. ...

OpenAI & Nvidia Eye $100B Chip Deal to Fuel Next-Gen AI OpenAI and Nvidia are reportedly planning a landmark $100 billion chip deal aimed at shaping the future of artificial intelligence. This significant investment underscores the increasing competition and demand for specialized data center chips to power advanced AI models. The collaboration is expected to involve OpenAI acquiring Nvidia’s GPU systems, with Nvidia taking a non-controlling equity stake. This strategic partnership aims to significantly scale OpenAI’s computational infrastructure. ...