Bloomberg Technology
Tencent Weighs Kids Games Ban After ‘Spiritual Opium’ Rebuke
Aug.03 — Chinese state-run media is branding video games as “spiritual opium.” That comment is stoking fears that online entertainment is Beijing’s next target. Bloomberg’s Shery Ahn reports on “Bloomberg Technology.”
Bloomberg Technology
Microsoft’s Big Bets on AI Start to Pay Off
Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence. Sales at Azure were up 48%. Revenue from a commercial deal with OpenAI totaled $10 billion. Bloomberg’s Ed Ludlow and Anurag Rana of Bloomberg Intelligence report. ——– Like this video? Subscribe to Bloomberg Tech on…
Bloomberg Technology
Anthropic Weighs Offering 15%-20% of IPO to Retail Investors
Anthropic is weighing a retail offering of 15% to 20% of the shares available in the IPO, according to people familiar with the matter. Those sources say the company behind Claude has tapped JPMorgan Chase to lead the US retail offering. Bloomberg’s Ryan Gould discusses the plans with Ed Ludlow on “Bloomberg Tech.” ——– Like…
Bloomberg Technology
Investors Eye AI Payoff in Microsoft, Alphabet Earnings
Bloomberg’s Ed Ludlow breaks down expectations for Microsoft and Alphabet, which both report earnings after the bell, with Wall Street looking for proof that their massive AI investments are paying off. Plus, Bloomberg reports that Anthropic has tapped JPMorgan to lead the US retail offering for its potentially record-setting IPO. And, Apple is betting consumers…
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pawsandbreathe
August 3, 2021 at 11:51 pm
What the hell is wrong with gaming???
Ibeji Benson
August 4, 2021 at 12:02 am
they have a problem with its addiction, just answering your question not my opinion on the subject.
mrPmj00
August 3, 2021 at 11:51 pm
AMAZON:
+Yep, I bought a ton on the dip.
Amazon invested $14 billion in the last quarter alone, the same as it spent in 6 months before that. It is a do not sell stock.
…With the Delta virus coming at full speed ahead, pandemic sales will make a comeback.
Amazon is investing so much money, that no competitor will ever be able to catch up.
My strategy is if Amazon keeps going down, I buy more to average cost down..
I buy using money on the sideline, then I sell other stocks that are up, then I sell other stocks that have lost less than Amazon’s -7.5%. Most stocks that pop or
drop hard usually recover 50% soon after.
Amazon’s not going anywhere so I know that eventually it will come back.
Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market)
mrPmj00
August 3, 2021 at 11:51 pm
=Have you noticed that Wall Street Journal, Yahoo, CNBC, CNN and bloomberg hate tech (even though most of us have 401k plans that have big tech) and push crypto crap, NFT ponzi scheme, and meme/gambling stocks like AMC/gamestop/SPAC, promoting China, and scaring investors by promoting inflation?
For the fools that bought crypto in May 2021, they’ve lost -50% as of July 2021, even worse if you bought dodgecoin -80%!
+I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) …
___Disney, Wells Fargo for the recovery.
Googlebanmetoomuch 2
August 3, 2021 at 11:57 pm
Spiritual Opium!?????☠ Sold all my shares
Samurai X
August 4, 2021 at 12:03 am
A decade ago, China cracked down on Facebook for spreading fake news. Today, China’s decision is turning out to be prescient. China’s political will to crack down on the social ills and social inequality caused by big tech and big biz will be emulated by other countries. In sharp contrast, the US is unable to rein in big tech and big biz.
Slickpete83
August 4, 2021 at 12:36 am
*Ten_cent will be Five_cents by next week* hahahaha