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| Games deal: Ubisoft will carve out a new unit including its popular Assassin's Creed titles with Tencent Holdings investing €1.16 billion for a 25% stake. Tim Cook's China visit: The Apple chief executive officer continued his tour of China, visiting Hangzhou, the country's AI hub. He met with NetEase game company founder William Ding and college students at Zhejiang University. Earlier, Cook with in Beijing at a meeting attended by Premier Li Qiang. Meta's Asia business: Dan Neary, the social network's senior-most business executive in the Asia-Pacific region, is leaving the company. The Singapore-based executive oversaw a rapid increase the past decade in regional users of Meta's Facebook, Instagram and WhatsApp. | |
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| OpenAI will be valued at $300 million as part of a $40 billion fundraising round led by SoftBank that is close to complete. Investors in talks to participate in the round, which would be the largest in history, include Magnetar Capital, Coatue Managment and Founders Fund. It would almost double the AI startup's valuation from October, when it last raised money. | |
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| In today's Tech In Depth, Ian King reports on the reality check that Nvidia's CEO Jensen Huang gave leaders of quantum computing companies during a recent event. For more Bloomberg coverage of the technology industry, subscribe here. | |
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| The rise of China's DeepSeek's artificial intelligence model R1 has led those in the industry to talk about "mixture of experts," a more-efficient technology to train AI, reports Shirin Ghaffary in this week's Q&AI. The approach, which dates to a 1991 paper, is probably being used by most leading makers of large language models to try to reduce their enormous computing costs, she writes. For more of Shirin's coverage of the AI industry, subscribe here. | |
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