OpenAI’s ChatGPT started a revolution in artificial intelligence development and investment. Yet nine-tenths of the ...

Chinese tech giant Alibaba Group is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in its cloud infrastructure and global commerce operations, ...

The cloud business generated $2.7 billion in revenue during the first quarter, making up 9% of Alibaba’s total revenues. (My colleague Alex has a financial deep dive into the cloud spinout.

I’m therefore not very confident in our estimated value of Alibaba’s cloud unit. But the spinoff is expected to be completed in the next 12 months, so we’ll learn more soon enough.