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AI-Powered Coding Assistant Aims to Help, Not Replace Developers

AI-Powered Coding Assistant Aims to Help, Not Replace Developers

GitHub Inc.’s new automated computer-coding tool will help companies manage a chronic shortage of software developers, but it will not replace them, according to the company’s chief executive officer. Thomas Dohmke, the CEO of Microsoft Corp. -owned GitHub, says the artificial-intelligence-powered coding tool, launched this week as Copilot, is designed to ease the task of …

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A Tencent Investor Cut Its Stake.  That’s Not Bad for China’s Internet Recovery.

A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery.

Text size Internet conglomerate Prosus and its parent Naspers pared its stake in Tencent, and sold of JD.com. Gilles Sabrie/Bloomberg When a big shareholder starts selling, it’s usually a flag. Internet conglomerate Prosus and its parent company Naspers ‘ decision Monday to pare its stake in Chinese internet company Tencent Holdings , and its earlier …

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A Tencent Investor Cut Its Stake.  That’s Not Bad for China’s Internet Recovery.

A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery.

Text size Internet conglomerate Prosus and its parent Naspers pared its stake in Tencent, and sold of JD.com. Gilles Sabrie/Bloomberg When a big shareholder starts selling, it’s usually a flag. Internet conglomerate Prosus and its parent company Naspers ‘ decision Monday to pare its stake in Chinese internet company Tencent Holdings , and its earlier …

A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery. Read More »

Symbotic Stock: Walmart Discloses It Holds a Stake in AI Company

Symbotic Stock: Walmart Discloses It Holds a Stake in AI Company

text size Walmart owns a stake in AI company Symbotic. Photo by George Frey/Getty Images Symbotic shares finished lower Tuesday after walmart disclosed it holds a stake of 11.1% in the artificial intelligence supply chain technology company. Symbotic (ticker: SYM) shares fell 7.4% to $15.56 on Tuesday. They rose to as high as $28.48, a …

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PC and Phone Demand Is Weakening.  Analysts See Trouble for Parts Suppliers.

PC and Phone Demand Is Weakening. Analysts See Trouble for Parts Suppliers.

Text size Several analysts issued downbeat research on memory-chip or disk-drive stocks. Dreamstime Concern that a slowdown in demand for smartphones and personal computers is hurting the outlook for memory chips and other components has triggered a flurry of cautious commentary from Wall Street. The issues affect the memory-chip manufacturers Micron Technologies (ticker: MU) and …

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Why did crypto crash?  Mark Cuban compares crypto ‘lull’ to the early internet

Why did crypto crash? Mark Cuban compares crypto ‘lull’ to the early internet

Mark Cuban, billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, thinks that cryptocurrency is on the same downward trend that tech and internet companies hit in the early 2000s. Bitcoin prices were hovering around $24,000 in June, its lowest levels since late 2020, and sales of non-fungible tokens, aka NFTs, plummeted between January and …

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VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy

Artificial-intelligence startup investors are turning their focus to accounting software, a traditionally subdued corner of business technology, as companies prepare for a potential economic slowdown. Many investors are betting that inflation, higher interest rates and recession fears will prompt companies to redouble efforts to track and control spending, boosting demand for automated accounting tools. At …

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China’s Bilibili, other internet companies drop in Hong Kong trading

China’s Bilibili, other internet companies drop in Hong Kong trading

Shares of Chinese internet companies dropped in early Hong Kong trade, extending the sector’s heavy losses on Wall Street overnight. Video-streaming platform Bilibili Inc. 9626, -7.46% led the selloff, with an 11% slump after the company on Thursday evening posted worse-than-expected earnings for the first quarter. Its US-traded stock BILI, -14.78% plunged 15% in New …

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AMD focuses on AI after data-center success, sees annual revenue growth of 20%

AMD focuses on AI after data-center success, sees annual revenue growth of 20%

Advanced Micro Devices Inc.’s next target is artificial intelligence, just as it targeted the data-center market a few years ago. At the chip maker’s analyst day on Thursday, AMD AMD, -3.04% Chief Executive Lisa Su said that AI is at an inflection point with technology from the company’s recent Xilinx acquisition. ‚ÄúThis is the single …

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Chinese Internet Stocks Hit Three-Month High

Chinese Internet Stocks Hit Three-Month High

Chinese internet stocks jumped to a three-month high after regulators in China cleared dozens of videogames for release, a move investors welcomed as a fresh sign that Beijing is softening its stance on the technology sector. Late Tuesday, the country’s National Press and Publication Administration said it had approved 60 videogame titles. The regulator had …

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