tencent – DIGIT INFO

Crypto-friendly gaming giant Tencent considering Ubisoft buyout: Report

DIGIT — Fri, 04 Oct 2024 20:59:01 +0000

The Guillemot family and Tencent would likely take the company private if the deal happens.

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

DIGIT — Tue, 25 Jun 2024 04:44:48 +0000

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated […]

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Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle

DIGIT — Mon, 20 Nov 2023 19:58:06 +0000

Former OpenAI CEO Sam Altman has reportedly agreed to a position with Microsoft while Nvidia reaps the benefits of big tech’s scramble to build a better chatbot.

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Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China

DIGIT — Wed, 13 Sep 2023 20:15:00 +0000

The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.

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Tencent unveils ChatGPT rival in China amid continuing US AI chip ban

DIGIT — Thu, 07 Sep 2023 18:30:20 +0000

Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.

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Tencent-backed Everledger collapses amid lack of funding: Report

DIGIT — Mon, 08 May 2023 12:20:52 +0000

Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor.

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China’s Wechat Adds Support for Digital Yuan Payments

DIGIT — Wed, 08 Mar 2023 15:00:31 +0000

Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay in Integrating Payments With Digital Yuan The […]

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Tencent to Offer Metaverse-Building Services for Asian Markets

DIGIT — Fri, 24 Feb 2023 06:30:31 +0000

Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual worlds for third-party companies. Tencent to Focus on Offering Metaverse Tools to […]

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Tencent Cloud signs multiple collaboration agreements with blockchain firms

DIGIT — Wed, 22 Feb 2023 19:45:00 +0000

The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.

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Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

DIGIT — Mon, 20 Feb 2023 07:30:13 +0000

According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse […]

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