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It is reported that Alibaba Group (NYSE: BABA) saw its stock price drop nearly 5% in a single day following the release of its FY2026 Q4 earnings report on May 15. While revenue showed modest growth, profitability deteriorated sharply: Non-GAAP EPS stood at just $0.09, adjusted EBITDA contracted approximately 84% year-on-year, and quarterly free cash flow turned negative at $2.5 billion. Management attributed the losses to intense capital expenditures during the AI-First strategic transformation—specifically, procurement of AI computing power, expansion of data centers, and subsidies for instant delivery services—all occurring simultaneously and significantly compressing short-term profit margins. Ongoing U.S.-China tech tensions and persistent uncertainty surrounding AI chip export controls have further amplified market pessimism. The stock fell nearly 5% today.
According to the official announcement, Binance Futures will launch MSFTUSDT, AVGOUSDT, and BABAUSDT—three USDT-denominated perpetual contracts—in batches on April 20, 2026. These contracts track the stock prices of Microsoft (Nasdaq: MSFT), Broadcom (Nasdaq: AVGO), and Alibaba Group (NYSE: BABA), respectively. All three contracts offer a maximum leverage of 10x, a funding rate cap of ±2%, and funding settlements every 8 hours. They support 24/7 trading and multi-asset margin mode.
Odaily News Stanford University's "2026 AI Index Report" reveals that the overall electricity demand of current AI systems is already close to half the scale of Bitcoin mining and approaches the national electricity consumption levels of Switzerland or Austria.The report points out that the gap in AI model capabilities between China and the United States is narrowing. In 2025, the U.S. launched approximately 50 representative models, while China launched about 30. Models from institutions such as Anthropic, xAI, Google, OpenAI, Alibaba, and DeepSeek are within the same capability tier.Furthermore, China leads in terms of AI paper citation share (20.6%) and patent quantity (74.2%), while private AI investment in the United States reached $285.9 billion, significantly higher than China's $12.4 billion.