Tencent unveils major AI model update under new leadership Tencent Holdings Ltd. on Thursday launched a new open-source artificial intelligence model, marking its first major technological update since overhauling its AI leadership. The model, dubbed Hy3 Preview, is a mixture-of-experts system with 295 billion parameters, of which 21 billion are activated, and it can process up to 256,000 tokens o...
Tencent unveils major AI model update under new leadership Tencent Holdings Ltd. on Thursday launched a new open-source artificial intelligence model, marking its first major technological update since overhauling its AI leadership. The model, dubbed Hy3 Preview, is a mixture-of-experts system with 295 billion parameters, of which 21 billion are activated, and it can process up to 256,000 tokens of context. It has already been deployed across Tencent’s ecosystem, including its flagship AI chatbot Yuanbao, which will switch its primary underlying model from DeepSeek to the new in-house technology. The release underscores Tencent’s strategic pivot under its new AI chief toward practical product integration rather than benchmark scores, as the tech giant seeks to narrow a widening user gap with domestic market leaders in the highly competitive AI sector.
Citadel Securities is seeing strong returns from ramping up investment in AI as the soaring cost of GPUs and infrastructure is raising barriers for new competitors. Jim Esposito, President of Citadel Securities speaks in a wide-ranging interview at the Bloomberg Markets and Banking Summit in New York on April 22nd, 2026 (Source: Bloomberg)
Citadel Securities is seeing strong returns from ramping up investment in AI as the soaring cost of GPUs and infrastructure is raising barriers for new competitors. Jim Esposito, President of Citadel Securities speaks in a wide-ranging interview at the Bloomberg Markets and Banking Summit in New York on April 22nd, 2026 (Source: Bloomberg)
European aerospace stocks are suffering some of their biggest weekly losses in years on concerns that fuel prices will stay high due to the Iran war, curbing air travel demand and eroding profits. Safran SA , which makes engines and components for aircraft and helicopters, is heading for its worst weekly share-price performance since 2022, tumbling about 14%. Germany’s MTU Aero Engines AG has slum...
European aerospace stocks are suffering some of their biggest weekly losses in years on concerns that fuel prices will stay high due to the Iran war, curbing air travel demand and eroding profits. Safran SA , which makes engines and components for aircraft and helicopters, is heading for its worst weekly share-price performance since 2022, tumbling about 14%. Germany’s MTU Aero Engines AG has slumped 17%, putting it on track for its steepest drop in six years. The companies — which derive a significant share of profits from the aftermarket, supplying parts and services for in-service aircraft — have come under pressure as persistently-high fuel costs and escalating tensions around the Strait of Hormuz unsettle investors. On Friday, UBS Group AG downgraded its rating on MTU Aero to sell, saying it was more exposed than peers to a hard landing as the aftermarket cycle turns. Safran was downgraded by Oxcap Analytics — a day after it reported better-than-expected earnings. “Our concern is that investor sentiment on the stock in the near-term will continue to be impacted by aviation sector headlines about fuel shortages and flight cancellations,” analyst Rory Smith wrote. Read More: MTU Hits Lowest in a Year as UBS Cuts to Sell on Hard Landing Elsewhere Rolls-Royce Holdings Plc and Melrose Industries Plc have both fallen by about 13% this week, while Airbus SE is down 9%. The aftermarket sector could face a delayed hit from slowing air travel growth, according to JPMorgan Chase & Co. analysts led by David Perry . They flagged MTU and Melrose as most exposed to financial strain given cash-flow pressures, while elevated valuations left Rolls-Royce and Safran particularly vulnerable. Driven by favorable aftermarket trends and defense-related demand, Rolls-Royce shares have surged by more than 1,100% since the end of 2022 and are trading at about 30 times forward earnings. Safran, after four consecutive years of gains, trades at roughly 25 times. By comparison, Europe’s benc...
Photos and videos from the protest, which resulted in 66 arrests, have spread widely across social media — amplified by others who share a similar frustration and unease about the country's military action. (Image credit: Leigh Vogel)
Photos and videos from the protest, which resulted in 66 arrests, have spread widely across social media — amplified by others who share a similar frustration and unease about the country's military action. (Image credit: Leigh Vogel)
undefined China’s top health regulator has unveiled draft rules to tighten oversight of emerging biomedical therapies, defining “new technologies” and closing loopholes that allowed some institutions to profit from experimental treatment. On April 19, the National Health Commission released a draft set of implementation rules for the approval of clinical translational use of new biomedical technol...
undefined China’s top health regulator has unveiled draft rules to tighten oversight of emerging biomedical therapies, defining “new technologies” and closing loopholes that allowed some institutions to profit from experimental treatment. On April 19, the National Health Commission released a draft set of implementation rules for the approval of clinical translational use of new biomedical technologies, opening the document for public comment through Saturday. The draft is a supporting measure for China’s new biomedical technology regulation, known as Order No. 818, which was approved by the State Council in October and is due to take effect on May 1.
Tesla Inc. held onto its Bitcoin through the first quarter, but reported significant paper losses on the holdings on Wednesday. Tesla’s BTC Hoard Suffers In Bear Market The Elon Musk-led mobility giant reported $786 million in digital assets as of...
Tesla Inc. held onto its Bitcoin through the first quarter, but reported significant paper losses on the holdings on Wednesday. Tesla’s BTC Hoard Suffers In Bear Market The Elon Musk-led mobility giant reported $786 million in digital assets as of...