James Batchelor / GamesIndustry.biz:
Embracer reports FY2022-23 net sales up 12% YoY to ~$3.9B, PC/console games up 7% YoY to ~$1.3B, and mobile up 2% YoY to $551M; its CFO and deputy CEO step down — CEO Lars Wingefors says past fiscal year was “transformative” as group presses on towards three-way split — News by James Batchelor Editor-in-chief
Q&A with Taiwan’s ex-Digital Minister Audrey Tang on Plurality, a book on collaboration-enhancing tech she wrote with Microsoft’s internal economist Glen Weyl (Daniel Kuhn/CoinDesk)
Daniel Kuhn / CoinDesk:
Q&A with Taiwan’s ex-Digital Minister Audrey Tang on Plurality, a book on collaboration-enhancing tech she wrote with Microsoft’s internal economist Glen Weyl — The island-country’s digital minister has radical ideas for using open-source technology to provide public goods.
Box CEO on how generative AI can turn the mostly unstructured data inside enterprises into valuable knowledge, enabling greater automation of workflows and more (Aaron Levie/@levie)
Aaron Levie / @levie:
Box CEO on how generative AI can turn the mostly unstructured data inside enterprises into valuable knowledge, enabling greater automation of workflows and more — The reason I’m insanely bullish on AI is that since starting Box, we have never seen a bigger shift in how we can work with our enterprise information than today. AI completely revolutionizes how we can work with enterprise information. Since the mainframe era, it’s been
In an interview, Brad Smith says Microsoft’s deal with UAE-based AI firm G42 could eventually involve the transfer of key US chips and AI technology abroad (Stephen Nellis/Reuters)
Stephen Nellis / Reuters:
In an interview, Brad Smith says Microsoft’s deal with UAE-based AI firm G42 could eventually involve the transfer of key US chips and AI technology abroad — Microsoft (MSFT.O) President Brad Smith said the tech company’s high profile deal with the United Arab Emirates-backed AI firm G42 …
Meta’s Yann LeCun says LLMs won’t reach human intelligence and instead FAIR is working on a “world modeling” vision, to create AI that can develop common sense (Financial Times)
Financial Times:
Meta’s Yann LeCun says LLMs won’t reach human intelligence and instead FAIR is working on a “world modeling” vision, to create AI that can develop common sense — Yann LeCun argues current AI methods are flawed as he pushes for ‘world modelling’ vision for superintelligence
Lenovo reports Q4 revenue up 9% YoY to $13.8B, vs. $13B est., second straight quarter of revenue growth, and net profit up 118% YoY to $248M, vs. $162M est. (Josh Ye/Reuters)
Josh Ye / Reuters:
Lenovo reports Q4 revenue up 9% YoY to $13.8B, vs. $13B est., second straight quarter of revenue growth, and net profit up 118% YoY to $248M, vs. $162M est. — China’s Lenovo Group (0992.HK) reported a 9% rise in fourth-quarter revenue to $13.8 billion on Thursday, as the world’s largest maker …
How social e-commerce app Xiaohongshu has defied China’s tech sector crackdown and boomed through a combination of influencers, AI, and soft marketing tactics (Bloomberg)
Bloomberg:
How social e-commerce app Xiaohongshu has defied China’s tech sector crackdown and boomed through a combination of influencers, AI, and soft marketing tactics — – Xiaohongshu’s profit last year beat peers including Weibo — The two co-founders have a combined fortune of $6 billion
A profile of Sachin Dev Duggal, the CEO of Builder.ai, which offers low-code tools and has raised ~$450M, as sources describe staff retention problems and more (Financial Times)
Financial Times:
A profile of Sachin Dev Duggal, the CEO of Builder.ai, which offers low-code tools and has raised ~$450M, as sources describe staff retention problems and more — Founder of one of the UK’s best-funded start-ups has been dogged by legal disputes during a meteoric business career
US-listed PDD, which runs Temu and Pinduoduo, reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B, as global expansion gains pace (Sarah Zheng/Bloomberg)
Sarah Zheng / Bloomberg:
US-listed PDD, which runs Temu and Pinduoduo, reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B, as global expansion gains pace — – The upstart Chinese player beats most results expectations — PDD remains upbeat on the outlook for Chinese consumption
South Korea announces a ~$19B support package for the domestic chip industry and asks the industry ministry to strengthen the country’s non-memory chip sector (Reuters)
Reuters:
South Korea announces a ~$19B support package for the domestic chip industry and asks the industry ministry to strengthen the country’s non-memory chip sector — South Korea announced on Thursday revised plans for a support package for the country’s vital semiconductor industry worth 26 trillion won …
