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Alibaba Sets HK$80 Billion Share Issue to Fund Full-Stack AI

Alibaba Sets HK$80 Billion Share Issue to Fund Full-Stack AI

Key Takeaways: Alibaba Group Holding will issue HK$80 billion (US$10.2 billion) in new shares, dedicating all the proceeds to its expanding artificial intelligence business. Announced on Sunday, the transaction gives Alibaba substantial additional capital for infrastructure, computing capacity, models and applicat

Do Big Studios Takes Mementum Lab to Court Over AI Meme Rights

Do Big Studios Takes Mementum Lab to Court Over AI Meme Rights

Key Takeaways: A California court dispute between Do Big Studios and Mementum Lab is turning an absurdist internet meme into a consequential test of commercial rights in AI-generated content. Do Big Studios created Steal a Brainrot, a hit game on Roblox in which players collect and steal characters associated with

Rillet Raises $100 Million to Challenge NetSuite and SAP

Rillet Raises $100 Million to Challenge NetSuite and SAP

Key Takeaways: Rillet has raised $100 million in a Series C led by ICONIQ, reaching a post-money valuation of $1 billion as it tries to replace accounting systems from NetSuite, SAP, Workday, Oracle Fusion, and Microsoft’s Great Plains. Sequoia Capital, Andreessen Horowitz, Oak HC/FT, Bain Capital Ventures, Sequoi