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WSJ Tech News Briefing

TNB Tech Minute: Alibaba Lowers Cloud Prices for International Customers

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 8 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: TSMC is getting up to $6.6 billion from the U.S. government to expand its Arizona chip factory. And Elon Musk vows to defy orders from a Brazilian judge to block some accounts on X. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey Prime members, did you know that you could be listening to this show ad-free on Amazon music?

0:05.0

With Amazon Music, you get access to the most ad-free top podcasts.

0:10.0

Avoid the ads and start listening today.

0:13.0

Here's your TnB Tech Minute for Monday, April 8th.

0:18.0

I'm Alex Oscela for the Wall Street Journal.

0:21.0

Alibaba is lowering prices on core cloud products by an average of 23% for customers

0:26.6

making use of its data centers outside mainland China.

0:30.1

It's seeking to tap enthusiasm for artificial intelligence computing and gain an edge in markets dominated by companies like Amazon, Google, and Microsoft.

0:38.0

Alibaba Cloud said the cuts were aligned with a quote AI first strategy to make core computing resources

0:44.0

accessible to a range of customers.

0:46.0

Alibaba's revenue from cloud services, considered one of the Chinese

0:49.8

e-commerce giant's most promising businesses, has slowed in recent quarters amid

0:53.9

competition from rival cloud units of Huawei and Tencent.

0:57.5

Taiwanese chipmaker T.S.M.C. is getting up to $6.6 billion from the US government for a factory complex under

1:04.8

construction in Phoenix.

1:06.6

The money is intended to expand the operation scope and sophistication.

1:10.7

U.S. officials say T.S. M.C. will invest more than $65 billion in total and add a third chip

1:16.3

factory to the manufacturing complex it started building in 2021.

1:21.0

And Elon Musk has vowed to fight an order by Brazil's Supreme Court to remove several accounts from X.

1:26.5

The ruling was part of a broader clampdown by Brazil on social media accounts that are deemed to be propagating hate speech and false information.

1:33.4

Though X initially complied with the order, owner Elon Musk said in a series of posts over

1:38.0

the weekend that the accounts in question would be reinstated.

...

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