Naspers feels heat as Tencent faces AI reality check

Naspers feels heat as Tencent faces AI reality check

Investors are becoming wary of AI companies’ spending on AI. (Graphic: Nicola Mawson | GenAI and Freepik) The concerns US investors have over the sustainability of hyperscalers’ artificial intelligence (AI) spending has crossed the Pacific, to not only weigh on Naspers subsidiary Tencent, but also on the JSE-listed company. These worries are reflected in the…

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Iran shuts down in the face of blistering heat

Iran shuts down in the face of blistering heat

“When there’s no power, banks are closed, the whole system just stops,” Tehran restaurant owner Edo Mansourian said. “And now the country’s basically closed for the next few days.” The 72-year-old added that “working conditions have become frustrating and its hard to keep the place running.” Mohammadreza Tavakoli runs a hostel on the island of…

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