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On August 12th, Tencent released its Q2 2026 financial report, showing that AI products such as Hunyuan, Yuanbao, WorkBuddy, CodeBuddy, and Xiaowei contributed 10.5 billion yuan to non-GAAP operating profit, a significant increase compared to Q1. Tencent President Martin Lau, when discussing how Tencent allocates its AI product investments, stated that the situation is currently very dynamic. Tencent will be cautious in its investments until it sees a truly explosive opportunity, but will increase investment once an opportunity is identified, with an overall long-term investment focus. For example, WorkBuddy is experiencing explosive growth, so it has been prioritized in current investments, reducing the priority of other products. As time goes on, the economic benefits will gradually become apparent, and profitability will naturally follow at some point. He emphasized that if Tencent were to change its business model to simply renting out computing power, it would not only avoid losses but also generate profits. Tencent always has this alternative plan, which gives it "relative confidence."Alphabet (GOOG.O) shares hit an intraday low, falling 0.5% after Google raised the price of its new phone.Google launched the Pixel 11, 11 Pro, 11 Pro XL and 11 Pro Fold phones.Google has announced an upgraded Pixel Watch 5, starting at $399.August 12th - According to Tianma Microelectronics, Honor officially launched the Honor Robot Phone on August 12th. As a long-term strategic partner of Honor, Tianma Microelectronics exclusively supplied the screen for this model, deeply customizing the Tianma Tiangong screen high-end OLED display solution. This marks the first time the Tiangong screen has been applied to an AI terminal with embody interactive capabilities.

Crypto Market Daily Highlights: DOGE and SOL Lead Top Ten South

Skylar Shaw

Feb 06, 2023 15:44

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The top ten cryptocurrency index had a gloomy session on Sunday. Leading the way down were DOGE and SOL. BTC dropped below $23,000 at day's conclusion for the first time in five sessions.


There were no crypto-related developments to cause BTC and the larger crypto market to decline for a second session in a row. The US Jobs Report and ISM Non-Manufacturing PMI survey from Friday resonated due to the absence of updates from FTX, Genesis, and Silvergate Bank.


The United States will likely escape a recession, according to the most recent economic statistics.


However, the Fed has flexibility to deliver an aggressive interest rate boost in March after the unemployment rate dropped to 3.4%. Investor focus will now be on the January CPI Report and remarks from FOMC members.


There are currently no US economic data to take into account for investors. The NASDAQ Composite Index and FMOC member talk will have the most impact because to the absence of statistics. Investors must keep an eye on the cryptocurrency news wires for developments on FTX, Genesis, and Silvergate Bank. Additionally, regulatory chitchat will provide guidance.


The NASDAQ mini had an impact in the last hour after Friday's NASDAQ defeat (UTC). This morning, the NASDAQ mini was down 35.25 points.