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CoreWeave‘s stock dropped 14% after the renter of artificial intelligence

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Tencent earnings surge on AI boost, Q2 revenue up 15% as gaming sales jump 35% amid global competition

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Tencent earnings surge on AI boost, Q2 revenue up 15% as gaming sales jump 35% amid global competition

Chinese internet giant Tencent on Wednesday posted its third straight quarter of double-digit revenue growth, beating market forecasts, as it accelerated the rollout of artificial intelligence (AI) features across its gaming portfolio and flagship WeChat app.Shenzhen-based Tencent, which operates the multi-functional WeChat platform and is a major global gaming player, also has significant operations in cloud computing, entertainment, and AI. Its Yuanbao chatbot remains among the most widely used AI tools in China, AFP reported.Revenue for the three months ended June 30 rose 15% year-on-year to 184.5 billion yuan ($25.7 billion), according to a filing to the Hong Kong Stock Exchange, surpassing Bloomberg’s projection of an 11% increase.For the first half of 2025, revenue climbed 14% over the previous year. Domestic game sales rose 17% in Q2, while international gaming revenue surged 35%. Net profit for the quarter grew 17% to 55.6 billion yuan.“We delivered double-digit revenue and operating profit growth on a year-on-year basis, as we invested in, and also benefited from, utilising AI,” Tencent said. The company noted it had “enriched AI features” in WeChat and “deployed AI tools” in its games.Following the debut of Chinese firm DeepSeek’s low-cost chatbot in January — which shook the global AI market — Tencent, along with rivals Alibaba and ByteDance, has ramped up investment in the sector.Tencent was among the tech majors affected by China’s regulatory crackdown starting in late 2020, but recent signals from Beijing point to a more conciliatory stance, even as restrictions on minors’ access to video games remain in place.





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