Recently, a former CEO of an Australian startup was charged by the U.S. Department of Justice and the Securities and Exchange Commission for allegedly using false financial records to scam investors, raising up to $40 million. The 41-year-old man, Baba Nadimpalli, is the co-founder and former CEO of Skael. Founded in 2016, Skael claimed to replace human labor with 'digital workers' to streamline workflows and enhance efficiency. However, the situation is...

Since 2022, the frequency of mentions of generative AI in the financial reports of Fortune 500 companies in the US has increased significantly by 250%, with approximately 22% of companies referencing the topic. However, concerningly, nearly 70% of these mentions focus on risks, including competitive position, security, and misinformation dissemination, reflecting companies' concerns about the potential risks of AI. About 56% of companies view AI as a potential risk, a 474% increase compared to last year. In contrast, only 31% of companies highlight the positive impacts of generative AI.

Alibaba Group reported its financial results for the first quarter of the fiscal year 2024, with total revenue increasing by 14% year-on-year. Revenue from Alibaba's retail platforms Taobao and Tmall grew by 12% year-on-year. Alibaba Cloud's revenue for this quarter reached 25.123 billion yuan, a year-on-year increase of 4%.