Ubisoft’s stock has plummeted in recent months due to disappointing game releases and financial performance. Now, the Guillemot family, Ubisoft’s main shareholder, and their partner Tencent are considering taking the company private to regain control and potentially boost its value.
Tencent, a Chinese tech giant, is using AI to revolutionize the digital advertising landscape. Their AI models are improving ad targeting and driving impressive revenue growth. Tencent’s WeChat platform, a rival to TikTok, is also poised for further monetization through AI integration. The company is betting big on AI to maintain its digital dominance.
Tencent Holdings, a leading Chinese tech company, has launched palm recognition payments in Macau via WeChat Pay, becoming the first to offer this technology outside mainland China. The service, initially available at Galaxy Entertainment’s resorts and venues, aims to enhance the payment experience for mainland tourists with convenience and security.
Chinese tech giants Alibaba and Tencent are significantly increasing their investments in artificial intelligence startups, despite a general decline in their overall investments. This strategic shift reflects the companies’ commitment to AI as a key driver of growth, seeking to leverage the technology for market dominance and technological advancement. The move comes as Asian startups challenge Nvidia’s dominance in the AI chip market with more energy-efficient and cost-effective alternatives. This trend highlights the growing importance of AI infrastructure, including semiconductors and systems, in the tech industry.
Tencent’s shares soared after announcing the earlier-than-expected release of the highly anticipated mobile game, ‘Dungeon and Fighter: Origin.’ The game, expected to generate substantial revenue, is part of Tencent’s efforts to offset regulatory headwinds in the gaming industry.
