Gate News report: On March 19, Alibaba (Hong Kong stock code: 09988.HK) released its latest performance data. Alibaba Cloud revenue accelerated growth of 36% year-over-year; flagship AI application Qwen app achieved large-scale real-world service capabilities, with Qwen consumer-facing application monthly active users surpassing 300 million.

On March 18, Ripple Chief Technology Officer David Schwartz shared the first email he received in 2013 mentioning XRP, showcasing XRP's early development. In the email, Vinnie Falco requested an XRP transfer, revealing the preliminary state of the crypto market at that time and the spirit of technical exploration. Falco later joined Ripple and made significant contributions to system development. This email reflects the early culture of the XRP community and technical accumulation, highlighting XRP's evolution from its inception to the present day.

Elon Musk pledged in his lawsuit against OpenAI to donate any winnings to charity, accusing OpenAI's CEO and Microsoft of abandoning the nonprofit mission. The case is scheduled for trial on April 28, with the judge ruling that part of the damages report is valid, but Musk may face the risk of some claims being barred by statute of limitations.

The Korean Financial Commission will deliberate on penalties against CEX A on March 16 for suspected violations of anti-money laundering obligations, with potential fines of 37 billion Korean won, which are heavier than those imposed on another exchange, CEX B.

Oro Labs announced the completion of a $100 million Series C funding round, led by Goldman Sachs Growth Equity and Brighton Park Capital, bringing total funding to $160 million. The company's AI-powered procurement orchestration platform provides compliance review and process automation services to Fortune 500 customers.

Across Community proposed a new plan on March 12th to transform the existing "DAO + Token" structure into a U.S. C-corp company, holding the protocol's intellectual property rights. ACX holders can choose to exchange for equity or sell tokens for USDC at $0.04375 per share, with plans to execute within 6 months.

Across Protocol proposes a temperature check initiative, planning to transform the existing DAO and token structure into a C Corporation in the United States. ACX token holders can exchange their equity proportionally or redeem for USDC, and holders can choose different participation methods based on their scale.

In the Poli market, an address with a high win rate invested $4,000 betting that the U.S. military will enter Iran in March. Despite frequent signals from the U.S. side indicating that military operations have been completed, the market remains concerned about the U.S. special forces' on-the-ground actions, speculating that they may carry out ground missions to control nuclear materials.

Nscale announces the completion of a $2 billion Series C funding round, valuing the company at $14.6 billion, setting a record in European history. The funding was led by Aker ASA and 8090 Industries, with participation from several well-known investors. At the same time, new board members were announced. Despite the good news of funding, the progress of Nscale's flagship project in the UK remains uncertain, as the government stated that the investment commitment is not an official contract.

Venture capital firm Spark Capital is raising approximately $3 billion in a new fund, a 50% increase compared to two years ago. Spark is the first supporter of Anthropic, with its investments achieving nearly 100x returns. Despite the overall industry downturn, leading institutions in the AI sector are expanding against the trend, and fundraising continues to grow.