Alibaba enters AI race, Meta to bring its AI to bn users [Video]
|Three of the Magnificent 7 companies – and ASML – released their Q4 earnings yesterday and the numbers were ... mixed but hinted at strong AI spending and increased competition with Meta aiming to bring its AI model to a bullion users this year.
In China, Alibaba stepped out of the darkness saying that it’s AI model is the greatest of the world and is performing better than Meta and DeepSeek. A giant like Alibaba should be taken as a bigger threat than DeepSeek as the company can back it up with real-world applications and wide adoption.
Zooming out, the US equity markets were down yesterday, but the futures are up this morning. The Federal Reserve’s (Fed) decision went according to the plan. Fed members decided to maintain the rates where they are and seemed worried – and a bit confused – about inflation communication.
Beyond the borders, the Bank of Canada (BoC) cut its rate by 25bp BUT refrained from giving any guidance due to Trump uncertainties and the European Central Bank (ECB) will certainly announce a 25bp cut today, and repeat that if the data allows, there will be further support.
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