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Tech Across the Globe

Tencent earnings: Chinese gaming company Tencent said revenue in the March quarter grew 13%, the fastest pace since 2021.

Uber targets commuters: Uber announced a series of new products aimed at people who ride-hail to and from work, an increasingly important demographic for the company and its rival Lyft.

Cisco’s optimism: The maker of networking equipment gave a solid sales forecast, suggesting it continues to get a boost from corporations and cloud computing providers expanding their computing systems to handle a surge in artificial intelligence. 

Revalued

Thrive Capital, the venture firm founded by Josh Kushner, made $522 million on an investment in publicly traded car marketplace Carvana. The windfall underscores Thrive’s expansion beyond traditional startup investing, including public market trading and, recently, a plan to start and buy businesses it thinks can benefit from artificial intelligence. 

Must Read

Testifying at the antitrust trial against Meta Platforms Inc., Alex Schultz, the company’s vice president of analytics and chief marketing officer, sketched out a vision for social networks in the future that will be dominated by the use of artificial intelligence, Riley Griffin reports in today’s Tech In Depth. Schultz’s theory about the future supports Meta’s major investment in AI — and fit the company’s position in court that it has many more competitors than alleged by the Federal Trade Commission.

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This Week in Cyber Bulletin

The bogus story of drug use among the leaders of several European countries is yet another example that even the most outlandish disinformation spreads quickly across the internet, Daniel Zuidijk reports in today’s Cyber Bulletin.

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