Alibaba prices AI glasses at 0 to rival Meta and launches ChatGPT challenger

Alibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challenger

Published

2 days ago

October 23, 2025

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Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category.

Alibaba

Alibaba on Thursday announced pricing for its upcoming artificial intelligence glasses and launched a new chatbot powered by its latest AI models.

The Chinese technology giant said the Quark AI Glasses will go on pre-sale on Oct. 24 on Alibaba’s e-commerce platform Tmall. The pre-sale price will start at 4,699 Chinese yuan ($659.4) but after applying various discounts, will cost 3,999 yuan.

Alibaba will begin shipping the product from December.

The Hangzhou-headquartered firm also unveiled AI Chat Assistant, a new chatbot mode within its existing Quark app.

The latest moves are part of Alibaba’s aggressive AI push this year which has seen the company release updated models and a drive to reinvigorate sales at its cloud computing business through which it sells much of this technology to businesses.

But the glasses and chatbot product highlight an increasing area of focus for Alibaba — AI that is aimed at consumers.

Alibaba’s shares closed nearly 1.7% higher in Hong Kong and its U.S.-listed stock also rose in premarket trade.

Alibaba AI glasses

Alibaba first announced the Quark AI Glasses in July. It’s the first product of its kind from the Chinese giant and the eyewear is powered by the company’s Qwen large language model and its Quark AI assistant.

The glasses support functions such as hands-free calling, music streaming and real-time language translation.

Many tech companies see wearables, specifically glasses, as the next frontier in computing, alongside the smartphone. The Quark AI Glasses are Alibaba’s answer to Meta’s smart glasses that were designed in collaboration with Ray-Ban.

The Chinese tech giant will also now compete with Chinese consumer electronics player Xiaomi who this year released its own AI glasses.

New AI assistant

Quark is Alibaba’s main consumer-facing AI app. Alibaba on Thursday unveiled a product called AI Chat Assistant, which is a new AI chatbot powered by its latest Qwen3 models.

The new mode allows users to switch to a chatbot style interface and have conversations via text or voice. Alibaba said the new feature allows “AI search and conversation” in one interface. The idea is that users can do everything they need in one application.

Alibaba said some of the functions include photo editing, “photo-based problem solving” and AI writing.

The product is Alibaba’s answer to the growing number of chatbot products out there from OpenAI’s ChatGPT to DeepSeek.

Technology

More demand than supply gives companies an edge, Jim Cramer says

Published

6 hours ago

October 24, 2025

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More demand than supply gives companies an edge, Jim Cramer says

“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.

“When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.

Intel‘s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”

Along with Intel, other tech names that are also supply constrained and performing well on the market include Micron, AMD and Nvidia, Cramer continued.

These companies don’t have enough product in part because the storage needs of artificial intelligence are incredible high, Cramer said. He added that he thinks demand has overwhelmed supply because semiconductor capital equipment companies didn’t manufacture enough of their own machines as they simply didn’t anticipate such a volume of orders.

Outside of tech, Cramer said he thinks airplane maker Boeing and energy company GE Vernova are also supply constrained, adding that he thinks the former will say it’s short on most of its planes when it reports earnings next week. GE Vernova is supply constrained with its power equipment, like turbines that burn natural gas, he continued, which is the primary energy source for the ever-growing crop of data centers.

GE Vernova and Boeing are also set to be winners because they make big-ticket items that other countries can buy from the U.S. to help close the trade deficit, Cramer added.

“In the end, we have more demand than supply in a host of industries and that’s the ticket for good stock performance,” he said. “I don’t see that changing any time soon.”

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Technology

3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise

Published

11 hours ago

October 24, 2025

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3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise

Wall Street remains skeptical on Intel despite its return to profitability

Intel snapped a losing streak of six straight quarterly losses and returned to profitability in the third quarter.

In its first earnings report since the Trump administration acquired a 10% stake in the company, the U.S. chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026.

Client computing revenue, which includes chips for PCs and laptops, grew 5% year over year, benefiting from PC market stabilization and artificial intelligence PC prospects.

CEO Lip-Bu Tan said in a call with analysts Thursday that artificial intelligence “is a strong foundation for sustainable long-term growth as we execute.”

The chip strength and demand were bright spots, but there were areas of concern as well, with the company’s foundry business still needing a big break.

Here are three takeaways from the chipmaker’s Q3 report:

Cash flow

“We significantly improved our cash position and liquidity in Q3, a key focus for me since becoming CEO in March,” Tan said on a call with analysts Thursday.

Intel landed an $8.9 billion investment from the U.S. government in August, along with $2 billion from Softbank, but has not yet received the $5 billion tied to a deal with Nvidia. The company expects that deal to close by the end of Q4.

With all of those transactions completed, plus the Altera sale, Intel will have $35 billion in cash on hand, CFO David Zinser told CNBC.

The U.S. government is the company’s biggest shareholder, and Intel stock is up more than 50% since Aug. 22, when Commerce Secretary Howard Lutnick announced the deal.

“Like any shareholder, we have to keep in touch with them,” Zinser said of the U.S. stake. “We don’t tell them how the numbers are going before the quarter. We generally talk to them like Fidelity,” another Intel shareholder.

Stock Chart IconStock chart icon

Intel 3-month stock chart.

Foundry

The firm’s foundry remains a work in progress.

Revenue fell 2% over the year before, and it has yet to land a major customer.

Intel now has two fabs running 18A nodes, which are designed for AI and high-performance computing applications.

“We are making steady progress on Intel 18A,” Tan said of its latest chip technology. “We are on track to bring Panther Lake to market this year.”

Zinser said the more advanced 14A nodes won’t be put in supply until the company has “real firm demand.”

Old stuff still selling

Zinser said the company’s older chipmaking processes, or nodes, have continued to do well, “and that was probably the part that was more unexpected.”

Zinser said the chipmaker met some of the central processing unit (CPU) demand with inventory on hand, but they will be behind in Q1, “probably Q2 and maybe in Q3.”

The supply crunch has been with older Intel 10 and 7 manufacturing technologies.

Many customers are opting for less advanced hardware to refresh their operating systems, demonstrating enterprises aren’t waiting for cutting-edge chips when proven technology gets the job done.