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  A mobile phone is displaying the screen of Tencent Games company’s stock plunge in Suqian, Jiangsu Province, China, on December 22, 2023. Costfoto | Nurphoto | Getty Images Chinese online gaming stocks rose Wednesday, recovering some losses from the previous session after the country’s top gaming regulator pledged to “further modify and improve” draft rules aimed at curbing excessive online gaming and spending. On Saturday, China’s National Press and Publication Administration also vowed in a WeChat statement to “carefully study” the concerns of stakeholders — a day after  fresh rules that it proposed  sank the Hong Kong-listed shares  of Tencent, NetEase and Bilibili. The regulator, which also controls the publication of new games in the world’s largest online gaming market, then said Monday that it  approved more than 100 new domestic games , after saying Friday that it approved 40 imported games. “We believe these fire-quenching measures may help to slightl...

  Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023.  Tolga Akmen | Bloomberg | Getty Images Elon Musk  insists artificial intelligence  will get humans to a point where "no job is needed." Are there signs this prediction is already becoming true? Headline numbers can make that seem so. According to a recent report of 750 business leaders using AI from  ResumeBuilder , 37% say the technology replaced workers in 2023. Meanwhile, 44% report that there will be layoffs in 2024 resulting from AI efficiency. But even amid reports of AI-inspired layoffs, many experts disagree with Musk's view. Julia Toothacre, resume and career strategist at ResumeBuilder, recognizes the numbers from its research may not accurately reflect the broad business landscape. "There are still so many traditional organizations and small busin...

  SumUp Chief Financial Officer Hermione McKee said the fresh capital gives the company “more firepower to act on opportunities,” including acquisitions and new country launches. SumUp British payments startup SumUp, known for its small card readers, on Monday announced it has raised 285 million euros ($306.6 million) in a bumper round of funding that values the company north of $8.6 billion. Sixth Street Growth, the growth arm of global investment firm Sixth Street, led the investment in SumUp, while existing existing investor Bain Capital Tech Opportunities, fintech investment firm Fin Capital, and debt financing firm Liquidity Group, participated in SumUp’s latest round as well. The round predominantly consisted of equity, though a small portion of the funds was raised as debt. SumUp Chief Financial Officer Hermione McKee said the fresh capital gives the company “more firepower to act on opportunities that we see arising over the course of the next two years.” “If we think about...

  C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images Tesla ’s troubles with labor unions in Scandinavia deepened as it lost  legal action against Sweden’s postal service  over its refusal to deliver license plates to the U.S. electric vehicle giant. The  postal service’s workers blocked  Tesla license plate deliveries late last month in a show of solidarity with mechanics striking over the company’s refusal to sign a collective bargaining agreement with employees, which is customary in Sweden. Tesla took legal action while CEO  Elon Musk  branded the move “insane,” but a Swedish court ruled Thursday that PostNord will not be forced to deliver license plates for now. Possibly more concerning for Musk, however, will be the sympathy strikes spreading throughout Scandinavia as fellow unions coales...