Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to $3.3 billion, Bloomberg News reported Monday (Aug. 5), citing sources familiar with the matter. The report notes that the investments mark a...
China has emerged as the dominant force in generative artificial intelligence (AI) patents, outpacing global competitors by a significant margin, according to a new report from the World Intellectual Property Organization (WIPO). The study reveals that Chinese inventors filed over 38,000 GenAI patents between 2014...
The 10 top tech stocks lost a combined $4.6 trillion in market cap in 2022. Amazon led the way by losing about $856 billion in market cap — nearly half its market valuation — over the last 12 months, Seeking Alpha reported Saturday (Dec. 31). ...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. European Commission Provides Apple With ‘Statement Of Objections’ Over App Store Rules The European Commission has provided Apple with its preliminary opinion that it “distorted competition” in the music streaming...
September 06, 2024
Apple reportedly approved an update to Tencent Holdings’ WeChat app, just in time for the release of the iPhone 16. The move by Apple allows for further negotiations between the two companies regarding changes that Apple has demanded for the social media platform, Bloomberg reported Thursday (Sept. 5), citing unnamed sources. Apple’s approval of the […]
August 05, 2024
Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to $3.3 billion, Bloomberg News reported Monday (Aug....
January 02, 2023
The 10 top tech stocks lost a combined $4.6 trillion in market cap in 2022. Amazon led the way by losing about $856 billion in market cap — nearly half...
March 15, 2021
China-based Tencent Holdings saw its stock plunge so sharply that the company lost $62 billion in value. The loss in valuation, which occurred in Friday (March 12) and Monday (March...
