TECH NEWS

AI spending snuffs out tencent’s profit-growth run

Tencent has reported promising progress on the AI front in recent months, including the release of its Hy3 model.

Tencent Holdings’ double-digit earnings growth streak since 2023 ended in the second quarter amid heavier investments in artificial intelligence.

The profit slowdown came as the Shenzhen-based company, China’s largest by market capitalization, said it is more than doubling its AI spending this year, targeting both foundational models and AI agents for deep ecosystem integration.

All Access. One Subscription!

Get 360 covergae from daily headlines to 100-year archives

Already Subscribed? Login

Copyright of this story solely belongs to hindustantimes.com. To see the full text click HERE

https://cdn.mos.cms.futurecdn.net/aRsqdvej9A7bsx97Cxde8B-2121-80.jpg

New London data centers approved — and some are requesting 3 million liters of water per day and enough electricity to power thousands of homes

* Multiple new data center sites have been approved in London * Concerns have been raised about how the sites will access electricity and water * Data centers haven't been accounted for in new UK water resource predictions A new data center has been approved by Hounslow Council's Planning

http://www.techmeme.com/img/techmeme_sq328.png

Former Alibaba star researcher Junyang Lin launches Shanghai-based Pragmatik Labs to build digital and physical AI agents; Pragmatik hit a $2B valuation in June

Sponsor Posts Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens. Most carriers track everything. Cape doesn't. — Unlimited talk, text &

https://diginomica.com/sites/default/files/images/2026-08/Olivia%20Nottebohm%20Box.jpg

AI isn't replacing staff at Box - it's bringing on new roles as the company expands

How tech vendors use AI agents within their own operations gives customers some useful pointers. For one thing, it's a good way of testing whether their advocacy for the tech is just a marketing ploy or founded on practical experience. If they have truly embraced it, then what

https://www.cnet.com/wp-content/uploads/sites/2/EufyC28robot-vacuum-and-mop.jpg

Put Your Feet Up. The Eufy C28 Robot Vacuum and Mop Is Down to $500.

Save $300: The Eufy C28 robot vacuum and mop combo is now on sale for just $500 at Amazon. If you outsource your vacuuming and mopping chores because you hate doing them, nab the Eufy C28, which is just $50 above its all-time low price, and put the robot to