Tencent faces AI questions

Tencent faces skepticism about its pace of innovation after Chinese AI rivals race ahead. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Tencent Holdings Ltd HK$460 -2.3% NAVER Corp ₩216,000 +1.2% Apple Inc $304.91 -1.1% Market data as of 02:33 AM ET. Data is subject to provider delays. Your watchlist Top Stories Another Apple departure: Jennifer Bailey, the head of Apple Pay since 2014, is retiring. Bailey’s exit is the latest in a series of veteran departures. SpaceXAI unveiling: The SpaceX unit is rolling out new artificial intelligence software that’s designed to act like a team of agents handling various assignments. It’s called Grok Bot. Location scouting: German utility Uniper has identified more than 10 sites across Europe that could be sold or leased for data-center development. AI demand is driving the proposal. Must Reads Amazon Is in the Crosshairs of Mamdani’s Worker Agenda A New York City bill calls for the company to hire thousands of contract couriers. Amazon says the proposal will make delivery pricier and slower. Bumble Gives Men a Shot at First Move in a Shift for the Dating App Bumble Inc. will allow men to make the first move in messaging on its dating app, marking a major reversal from the company’s signature women-go-first model as it seeks to court younger users and deliver on a long-promised turnaround. CoreWeave Shares Surge After Booming AI Demand Bolsters Outlook CoreWeave Inc., a provider of computing that powers artificial intelligence systems, soared in late trading after the AI spending frenzy spurred faster sales growth than anticipated. Beyond The Brief Tencent’s earnings report today will see executives face a series of questions about AI and the company’s strategy for it, writes Vlad Savov in today’s Tech In Depth essay. Investor concerns on this topic have erased $100 billion off the company’s valuation this year, and the company increasingly looks to be behind faster-moving rivals. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Game On Take-Two opened preorders for Grand Theft Auto VI on June 25 and while the company won’t share sales figures, CEO Strauss Zelnick says they’re “vastly” ahead of Take-Two’s internal forecasts, Jason Schreier reports in this week’s Game On. Schreier interviewed Zelnick about his expectations for the next installment in the blockbuster game as well as a deal with Netflix to give fans a first view later this month on the streaming platform. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. Before You Go... How Candy Crush Beat the Mobile Game Curse Fifteen years in, those shiny sweets are still on top. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |