FOCUS-Tencent Shifts Focus To Majority Deals Overseas Gaming...

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Apart from the core gaming sector, Tencent is also looking to snap up global assets, in particular in Europe, related to the so-called metaverse, said one of the sources and another source with direct knowledge of the matter.

CEO Barry McCarthy, a tech veteran who took over the company in February after a tumultuous end to former CEO John Foley's time at the company, said he hopes the decisions will 'better position the company for long term success.'

Most notably, his company-wide freezing of new hires and the canceling of a massive company holiday party due to the company's tanking stock prices while he attended a lavish, invite-only party for some of his instructors at New York City's Plaza Hotel.

Neuralink is reportedly looking to explore a deal with Synchron that successfully implanted a chip into a severely paralyzed ALS patient in July, four people who work or have worked at Neuralink told Reuters Monday.

Elon Musk announced his Neuralink is hosting a ‘show and tell' progress event on October 31, which will be the first progress update since the world watched a brain-chipped monkey play a video game with its mind in April 2021 - this animal later died during testing.

Peloton, an exercise equipment and media company, told employees in August the company is slashing 784 jobs, increasing equipment prices, closing several retail locations and requiring all non-remote employees to return to the office by November 14. 

Musk shared news of the Halloween event on Twitter, no other details were included, but it follows rumors that Neuralink has offered to buy its rival Synchron, which recently completed the first brain-chip in a human.
Tencent's growing focus on overseas assets and markets is in sharp contrast to its much slower dealmaking pace at home since the regulatory clampdowns intensified, and the divestment of a clutch of domestic portfolio companies.

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Sadly in February it was revealed Pager had died and the Physicians Committee for Responsible Medicine (PCRM) lodged a complaint with the US Department of Agriculture, alleging several counts of animal abuse between 2017 and 2020, involving test monkeys owned by Neuralink.

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Tencent's new strategy indicates how China's tech titans are looking to emerge from the regulatory shadows after two years of crackdown and uncertainty that weighed on their sales at home and triggered a massive selloff in their stocks.

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They claimed the macaque monkeys, housed at a University of California Davis research facility, were subject to experiments that amounted to torture, with evidence of rashes, self-mutilation and brain hemorrhages seen in documentation.