Alibaba Accused of Model Theft as Telecom Stocks Slip

The allegations, detailed in a letter obtained by The Wall Street Journal, claim the Chinese e-commerce giant illicitly accessed the frontier model to bolster its own AI development. This confrontation coincides with a significant cooling in the communications sector, where broad sell-offs have hit major industry players.

Meanwhile, regulatory tensions are mounting as FCC Chairman Brendan Carr accused ABC of running a misinformation campaign. The conflict stems from an investigation into the network's talk show, The View, regarding "equal time" rules that mandate equitable airtime for political candidates. Disney’s network has pushed back against the probe, arguing the show’s editorial independence is at stake. Amid this volatility, BlackBerry provided a rare bright spot for the industry, raising its fiscal 2027 outlook following strong first-quarter growth in embedded software and AI-driven opportunities.