Here's a look at some of the biggest stories making waves so far this week.
1. Alibaba is a Threat
Shares of Alibaba have surged nearly 10% since last Thursday when the Chinese e-commerce giant posted a blowout quarter which included revenue increasing 56% year-over-year to $7.4 billion.
Alibaba's first quarter earnings beat demonstrated the Internet giant "can leverage its scale, data and resources" to grow its market share as it pertains to e-commerce, Atlantic Equities analyst James Cordwell noted.
2. People Can't Get Enough iPhone 8 News
If you are one of the millions upon millions of Apple fans eagerly awaiting the tech titan's iPhone 8, the tenth anniversary of its landmark device, any scoop you can get on the phone is invaluable.
We learned this week, via Bloomberg, that the phone's "crown jewel" is said to be an all-new 3-D face scanner with the ability to unlock a phone in a few hundred milliseconds. The scanner can also be used validate payments.
3. Elon Musk's Battle with Artificial Intelligence
Elon Musk has been quite vocal in recent weeks taking aim at those not taking seriously enough the potential harm artificial intelligence stands to bring to our world. From disagreements with Facebook founder Mark Zuckerberg to a number of tweets, the Tesla (TSLA) CEO has made his thoughts known.
"Once developed, lethal autonomous weapons will permit armed conflict to be fought at a scale greater than ever, and at timescales faster than humans can comprehend," the letter reads.
4. Facebook May Be Getting Older, But it Shouldn't Fear Snap...Yet
A study by market research firm eMarketer on Tuesday revealed that Facebook was losing teenagers to social media alternatives including the beleaguered camera company Snap (SNAP) , parent of Snapchat.
The study shows that Facebook's user base among 12- to 17-year-olds will shrink by 3.4% in the U.S in 2017.
Regardless of the decline, Facebook holds the proper weapon to neutralize the threat of Snapchat, namely Instagram.
Instagram, which in 2016 rolled out a rival feature to match Snapchat's stories, added 250 million daily active users as of June. Snap had 173 million daily active users as of its last quarterly report earlier this month.
How about that artificial intelligence...
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