Alibaba shares soar after Chinese tech giant unveils DeepSeek rival QwQ-32B

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged on Wednesday after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek’s global blockbuster R1. Hong Kong-listed shares of Alibaba ended the Thursday session up 8.39% — hitting…

Read More

McDonald’s initiates technology overhaul at 43,000 outlets

McDonald’s is seeking to bolster its customer base, particularly among low-income diners and families. Credit: Robert V Schwemmer/Shutterstock. McDonald’s has initiated a technology overhaul at its 43,000 restaurants, incorporating internet-connected kitchen equipment and AI-driven tools for managers, The Wall Street Journal reports. McDonald’s chief information officer Brian Rice told the publication that the fast-food giant…

Read More