Tencent Music announced a $1 billion share buyback after its shares were among the Chinese tech stocks hit in the fallout from the liquidation of massive positions held by hedge fund Archegos Capital, Bloomberg reported. Other shares included Vipshop, Chinese video streaming service iQiyi and online education app GSX Techedum. Tencent Music pared its losses after the buyback announcement....
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At 7 a.m. on August 22, 2022, Yaron Inger woke up to find his business irrevocably changed. The co-founder and chief technology officer of Lightricks, which develops Facetune and other popular media-editing apps, scrolled through his newsfeed, his eyes flicking from one image to another. While Inger slept, Stable Diffusion, an open-source artificial intelligence text-to-image generator, had...
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