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Nvidia's Board Members Become Billionaires Overnight

Nvidia's stock surge has made three of its board members billionaires, including Jensen Huang, Robert Bailey and Mark Stevens. The company's remarkable performance is likely due to the growing demand for artificial intelligence and graphics processing units (GPUs). Meanwhile, in Malaysia, WeChat and TikTok have been granted licenses to operate under a new law, allowing them to continue operating in the country. In other news, Alibaba is selling its stake in Sun Art to a buyout firm at a discounted price, while Apple is offering discounts on iPhones in China as competition intensifies.

https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidias-remarkable-stock-surge-mints-three-board-billionaires

Alibaba Cuts Qwen-vl-max Price by Up to 85%

Alibaba Cloud has reduced the price of its visual reasoning artificial intelligence model, Qwen-vl-max, by up to 85% as a price war rages on in China's domestic AI services market. The move is Alibaba's third AI price cut this year and comes after ByteDance, parent company of TikTok, launched a similar visual model in mid-December. With the new pricing, Qwen-vl-max will now cost 0.003 yuan (US$0.00041) per thousand input token uses, positioning it as a direct competitor to ByteDance's model.

https://www.scmp.com/tech/big-tech/article/3292916/alibaba-cuts-ai-visual-model-cost-85-last-day-year-price-war-rages?module=top_story&pgtype=section

Microsoft Taps Non-OpenAI Models for Copilot

Microsoft is working to integrate non-OpenAI models into its 365 Copilot products, according to sources. This move comes as OpenAI has unveiled 'o3' reasoning AI models in a test phase. Meanwhile, Qualcomm has defeated Arm's claim over a chip design licence breach. In other tech news, Apple's $1 billion investment in Indonesia may be short-lived, and Trump suggests keeping TikTok in the US for now.

https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-works-add-non-openai-models-365-copilot-products-sources