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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.”

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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.”

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7 Comments

7 Comments

  1. 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.

  2. 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)

  3. 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.

  4. Googlebanmetoomuch 2

    August 3, 2021 at 11:57 pm

    Spiritual Opium!?????☠ Sold all my shares

  5. 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.

  6. Slickpete83

    August 4, 2021 at 12:36 am

    *Ten_cent will be Five_cents by next week* hahahaha

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Bloomberg Technology

Columbia Threadneedle’s Wade Sees AI Buoying Tech Rally

The boom in artificial-intelligence spending is actually accelerating, setting up the rally in tech stocks to continue for at least another couple of quarters, according to Tiffany Wade, a senior portfolio manager at Columbia Threadneedle Investments. She speaks with Ed Ludlow on Bloomberg Television’s “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on…

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The boom in artificial-intelligence spending is actually accelerating, setting up the rally in tech stocks to continue for at least another couple of quarters, according to Tiffany Wade, a senior portfolio manager at Columbia Threadneedle Investments. She speaks with Ed Ludlow on Bloomberg Television’s “Bloomberg Tech.”
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SpaceX Kicks Off High-Grade Bond Sale | Bloomberg Tech 6/22/2026

Bloomberg’s Ed Ludlow breaks down SpaceX’s first-ever investment-grade bond offering following its record-breaking IPO. Plus, Micron strikes an AI Infrastructure agreement with Anthropic to drive enterprise AI adoption. And Chevron signs a 20-year deal with Microsoft to power a West Texas data center that could be one of the biggest in the US. Chapters: 00:00:00…

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Bloomberg’s Ed Ludlow breaks down SpaceX’s first-ever investment-grade bond offering following its record-breaking IPO. Plus, Micron strikes an AI Infrastructure agreement with Anthropic to drive enterprise AI adoption. And Chevron signs a 20-year deal with Microsoft to power a West Texas data center that could be one of the biggest in the US.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:43 – Robert Schiffman, Bloomberg Intelligence
00:05:38 – Tiffany Wade, Columbia Threadneedle
00:12:01 – Kevin Crowley & Kurt Wagner, Bloomberg News
00:19:47 – Mark Gurman, Bloomberg News
00:24:33 – Jake Silverman, Bloomberg Intelligence
00:29:30 – Tuhin Srivastava, Baseten & Apoorv Agrawal, Altimeter
00:40:35 – Spencer Soper, Bloomberg News
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

AI-Services Startup Baseten Nabs $13 Billion Valuation

Baseten, which provides software and computing capacity to companies tapping into lower-cost AI models, just closed a $1.5 billion Series F round at a $13 billion valuation. Baseten CEO Tuhin Srivastava and Apoorv Agrawal, partner at Altimeter, which co-lead this round, sit down with Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to…

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Baseten, which provides software and computing capacity to companies tapping into lower-cost AI models, just closed a $1.5 billion Series F round at a $13 billion valuation. Baseten CEO Tuhin Srivastava and Apoorv Agrawal, partner at Altimeter, which co-lead this round, sit down with Ed Ludlow on “Bloomberg Tech.”
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