Chinese social network and video game giant Tencent reported an 8% increase in revenue for the fourth quarter, its slowest-ever quarterly growth as a public company. The results highlight the tough environment for Chinese internet companies amid Beijing’s continued regulatory crackdown on the sector and the country’s economic slowdown. Tencent’s advertising revenue declined 13%. Demand was...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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