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ByteDance Won’t Sell TikTok To Protect Its Secret Algorithm: Report: Sources said that if the company’s legal challenges fail, ByteDance would be willing to call ...
thedailybeast.com/bytedance-wont-sell-tiktok-to-protect-its-secret-algorithm-report
ByteDance Won’t Sell TikTok To Protect Its Secret Algorithm: Report
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
  • ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.

  • Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.

  • ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.

  • As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
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Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Meta’s stock plunges on ‘aggressive’ AI spending plans
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
  • Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.

  • Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.

  • Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.

  • Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
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Aaron Sorkin Blames Facebook for Jan. 6 and He’s Trying to Write a ‘Social Network’ Sequel About It
rollingstone.com/tv-movies/tv-movie-news/aaron-sorkin-social-network-sequel-january-6-1235011415/
Aaron Sorkin Blames Facebook for Jan. 6 and He’s Trying to Write a ‘Social ...
Quick Glance: Aaron Sorkin Writing Movie on January 6, Blames Facebook for Capitol Attack
  • Aaron Sorkin is writing a movie about the January 6 attack on the U.S. Capitol and holds Facebook accountable.

  • Sorkin attributed the increasingly hostile U.S. political climate to Facebook algorithms.

  • The writer emphasized the lack of balance between growth and integrity within Facebook, focusing solely on growth.

  • Sorkin declined to divulge more details about the film but hinted at exploring Facebook's impact on the historic attack.
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To power the #energy transition, the world needs to secure a reliable supply of critical #minerals . Learn more: Securing Minerals for the Energy Transition | World Economic Forum McKinsey & Company #SpecialMeeting24
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Apple and Google pulled several AI apps that advertised deepfake nudes: A report from 404 Media this week found that so-called 'undress' apps were advertising on ...
qz.com/apple-and-google-pulled-several-ai-apps-that-advertised-1851439298
Apple and Google pulled several AI apps that advertised deepfake nudes
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General Motors to shut manufacturing operations in Colombia, Ecuador -statement: U.S. car maker General Motors will close its manufacturing operations in ...
reuters.com/business/autos-transportation/general-motors-shut-manufacturing-operations-colombia-ecuador-statement-2024-04-26/
General Motors to shut manufacturing operations in Colombia ...
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Chinese owner denies it’s willing to sell TikTok as US ban looms: TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social ...
cnn.com/2024/04/25/business/bytedance-denies-reports-selling-tiktok-intl-hnk/
Chinese owner denies it’s willing to sell TikTok as US ban looms
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
  • ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.

  • TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.

  • ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.

  • After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
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Huawei’s New Phone Sports Latest Version of Made-in-China Chip: Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China ...
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Huawei’s New Phone Sports Latest Version of Made-in-China Chip
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CEOs ask for patience on their big bets on AI: Right now, CEOs are betting big on AI, pouring vast amount of resources and money into the technology ...
businessinsider.com/when-will-companies-monetize-ai-ceos-ask-for-patience-2024-4
CEOs ask for patience on their big bets on AI
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
  • The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.

  • TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.

  • Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.

  • Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
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The cost of buying a home has hit an all-time high: It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate ...
thehill.com/business/4620542-the-costs-of-buying-a-home-has-hit-an-all-time-high-report/
The cost of buying a home has hit an all-time high
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Mega price targets for Amazon: Should investors take action before the stock goes steep?
boerse-online.de/nachrichten/aktien/mega-kursziele-fuer-amazon-sollten-anleger-zuschlagen-bevor-die-aktie-steil-geht-20356192.html
Mega price targets for Amazon: Should investors take action before the ...
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Tattooed woman mad about job rejection: A woman whose face is covered in tattoos and piercings has claimed she was denied a job at retailer TJ Maxx over her body ...
news.com.au/lifestyle/real-life/news-life/its-so-annoying-woman-claims-she-was-rejected-by-employer-over-tattoos/news-story/0db190395818979aa7926cb9378f6c0e
Tattooed woman mad about job rejection
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Big Tech keeps spending billions on AI. There’s no end in sight.: Much of the money is going to new data centers, which are predicted to place huge demands on ...
washingtonpost.com/technology/2024/04/25/microsoft-google-ai-investment-profit-facebook-meta/
Big Tech keeps spending billions on AI. There’s no end in sight.
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NewJeans Label Controversy: What To Know About Dispute Between Major K-Pop Company HYBE And Subsidiary ADOR
forbes.com/sites/conormurray/2024/04/26/newjeans-label-controversy-what-to-know-about-dispute-between-major-k-pop-company-hybe-and-subsidiary-ador/
NewJeans Label Controversy: What To Know About Dispute Between Major K-Pop ...
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After Netflix increased the price of the standard and premium subscriptions for new customers, this now also applies to existing customers ... Show more

Netflix is ​​also increasing prices for existing customers | heise online
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Russia arrests Forbes reporter over social media posts on Bucha massacre: Russia has arrested a journalist from the Russian edition of Forbes magazine for social ...
go.france24.com/gfW
Russia arrests Forbes reporter over social media posts on Bucha massacre
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Activision Boosts Microsoft Q3 Gaming Business, But Actual Xbox Sales Collapse Continues
wccftech.com/activision-boosts-microsot-q3-gaming-revenue-xbox-consoles-sales-collapse/
Activision Boosts Microsoft Q3 Gaming Business, But Actual Xbox Sales ...
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Confused about AI? Here are the podcasts you need on artificial intelligence: Want to know more about AI? The Forum has a range of podcasts that will help you ...
weforum.org/agenda/2024/04/ai-artificial-intelligence-forum-podcasts/
Confused about AI? Here are the podcasts you need on artificial ...
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Ellen DeGeneres: Toxic workplace controversy took 'such a toll on my ego': Ellen DeGeneres discussed the ending of her talk show, and the toxic workplace ...
businessinsider.com/ellen-degeneres-toxic-workplace-controversy-stand-up-comedy-jokes-2024-4
Ellen DeGeneres: Toxic workplace controversy took 'such a toll on my ego'
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Wesley Snipes is set to return to one of his most famous roles after 20 years: Blade could appear twice in the MCU in the future. According to an insider ...
gamestar.de/artikel/wesley-snipes-blade-marvel-comeback,3412480.html
Wesley Snipes is set to return to one of his most famous roles after 20 ...
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Huawei's smart car tech offers automakers route to China sales: It's taken Huawei just four years to become a force in smart car technology ...
reuters.com/business/autos-transportation/huaweis-smart-car-tech-offers-automakers-route-china-sales-2024-04-26/
Huawei's smart car tech offers automakers route to China sales
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Trump's lawyers grill ex-tabloid publisher Pecker as 1st week of hush money testimony nears close
pbs.org/newshour/politics/trumps-lawyers-grill-ex-tabloid-publisher-pecker-as-1st-week-of-hush-money-testimony-nears-close
Trump's lawyers grill ex-tabloid publisher Pecker as 1st week of hush ...
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Veteran CNN anchor Poppy Harlow to exit network after morning show disaster: Harlow, who has held various reporting and anchor gigs at CNN, most recently served ...
nypost.com/2024/04/26/media/veteran-cnn-anchor-poppy-harlow-to-exit-network-after-morning-show-disaster/
Veteran CNN anchor Poppy Harlow to exit network after morning show ...
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Range record: New solid-state battery allows electric cars to travel 2,000 kilometers
t3n.de/news/reichweitenrekord-neuer-feststoff-akku-laesst-eE28091auto-2-000-kilometer-fahren-1621355/
Range record: New solid-state battery allows electric cars to travel 2 ...
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Tesla stock bounces back after a dreadful few months marked by layoffs and tanking sales
qz.com/tesla-stock-ev-elon-musk-wealth-bounces-back-1851438895
Tesla stock bounces back after a dreadful few months marked by layoffs and ...
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ByteDance is more likely to remove U.S. residents' access to TikTok rather than sell it by the January 19, 2025 deadline imposed by the U.S. government ... Show more
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Walmart's longest-serving director Rob Walton to retire from board: Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest ...
reuters.com/business/retail-consumer/walmart-ex-chairman-rob-walton-retire-board-2024-04-25/
Walmart's longest-serving director Rob Walton to retire from board
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Donald Trump’s casual disparagement of prosecutors as ‘evil’ and ‘crazy’: Asked by a right-wing interviewer if he knew Democrats wanted him dead, Trump replied ...
washingtonpost.com/politics/2024/04/26/trump-greg-kelly-interview/
Donald Trump’s casual disparagement of prosecutors as ‘evil’ and ‘crazy’
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The parent of Facebook and Instagram lost some $150 billion in market value after CEO Mark Zuckerberg said the company is going to invest aggressively in AI ... Show more
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'Worse Than the First': Velma Season 2 Shredded by Critics and Viewers: The second season of Velma is getting some harsh criticism after its quiet ...
cbr.com/velma-season-2-shredded-max/
'Worse Than the First': Velma Season 2 Shredded by Critics and ...
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World's first AI contest selects virtual beauties: Dystopian nightmare or the future of beauty pageants? Judge for yourself!
de.euronews.com/kultur/2024/04/26/miss-ki-weltweit-erster-schonheitswettbewerb-mit-virtuellen-frauen
World's first AI contest selects virtual beauties
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Stock goes through the roof: Alphabet breaks the 2 trillion barrier: Google parent Alphabet presents strong quarterly figures and wants to pay a dividend for the ...
n-tv.de/wirtschaft/Alphabet-durchbricht-die-2-Billionen-Schallmauer-article24902938.html
Stock goes through the roof: Alphabet breaks the 2 trillion barrier
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After a video image of Mark Zuckerberg went viral, all of a sudden people care a lot about how he looks. A doctored version of the photo with Zuckerberg ... Show more

The Meta-morphosis of Mark Zuckerberg - The New York Times
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Peckham electrician runs his own company at just 23 years old: A Peckham electrician, who runs his own company at just 23, talks about how much he earns ...
southwarknews.co.uk/area/peckham/peckham-electrician-runs-his-own-company-at-just-23-years-old/
Peckham electrician runs his own company at just 23 years old