Alibaba Shares Rise Despite Escalating AI Dispute with Anthropic
Despite a growing feud over alleged stolen AI technology and hidden tracking code involving Alibaba Group Holding (BABA) and Anthropic, Alibaba's shares rose by about 10% in premarket trading. The stock rally was driven by positive news including an updated cloud market share report showing Alibaba Cloud leading with 40.1%, as well as a reprieve from Pentagon-related lobbying concerns.
Tickers: $BABA