Alibaba has completed a three-year regulatory rectification process following an antitrust fine it received in 2021. The fine was 18.23 billion yuan ($2.6 billion) from China's State Administration for Market Regulation (SAMR). The company's shares rose 4.01% in premarket trading in the US.

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Intel CEO Pat Gelsinger is working with bankers, including Morgan Stanley, to present the company's board with strategic options to address its flagging business. The advisors are considering a range of options, including splitting off and selling businesses. The board meeting is scheduled for September.

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A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's X. The lawsuit will proceed to trial on April 7. X originally filed the suit in November after Media Matters published a report showing that hateful content on the platform appeared next to online ads from companies like Apple, IBM and Disney.

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China has issued 16,000 test licenses for autonomous vehicles, sparking job security fears among drivers. The technology is being developed by tech giant Baidu's Apollo Go self-driving project, which has been testing driverless taxis in Wuhan, central China's Hubei province.

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MongoDB shares surged 15% after reporting healthy fiscal second-quarter earnings and boosting full-year guidance. The company's revenue grew 13% year over year to $478.1 million, exceeding expectations. MongoDB's net loss came to $54.5 million, or 74 cents per share, compared to a net loss of $37.6 million, or 53 cents per share, in the same quarter a year ago. CEO Dev mentioned the company's ability to help customers incorporate generative AI into their business and modernize their legacy application estate.

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According to AdImpact, a political ad analytics firm, campaigns are spending more on connected TVs like Roku and Hulu than on internet platforms like Facebook and Google. The firm projected that the connected TV market brought in around $236 million in ad sales related to the presidential race through August 23. The data shows that connected TVs are seeing more ad spending than digital platforms, with the U.S. presidential election less than 70 days away.

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Dell reported quarterly results that beat Wall Street expectations, driven by an 80% increase in server sales. The company's revenue reached $25.06 billion, exceeding the expected $24.53 billion. Net income climbed 85% to $841 million, and the stock rose more than 5% in extended trading. Michael Dell, the company's CEO, presented the results at the Allen & Company Sun Valley Conference in Idaho.

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Affirm shares surged 34% after the company's earnings report beat expectations, with revenue climbing 48% to $659 million and a narrower net loss of $45.1 million. The company's stock was on pace for its best day in almost three years, with a trading price of $42.17 as of early afternoon.

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Uber has partnered with Wayve, a British artificial intelligence startup, to collaborate on autonomous driving technology. As part of the deal, Uber invested an undisclosed amount into Wayve for a minority stake. The investment is an extension of Wayve's $1 billion Series C funding round, which was led by SoftBank and also included Nvidia and Microsoft.

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