economic branch
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
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.
Laurence Fox told to pay £180,000 in libel damages: Mrs Justice Collins Rice says the actor's comments were "gross, groundless and indefensible".
bbc.com/news/entertainment-arts-68899248
Quick Glance: Laurence Fox ordered to pay damages for libel
- Actor-turned-politician Laurence Fox has been instructed to pay £90,000 in damages to two individuals he labeled as 'paedophiles' on social media.
- Following a libel dispute in the High Court, he is now required to pay a total of £180,000.
- During an exchange over Sainsbury's decision to recognize Black History Month in October 2020, Fox referred to Mr. Blake and Crystal as 'paedophiles.'
- In a prior ruling in January, Fox's counterclaims were rejected, and judgment was made in favor of Mr. Blake and Mr. Seymour.
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
China's Shein set to face tougher EU online rules: The European Union designated Chinese-founded fast-fashion company Shein as a very large online platform ...
reuters.com/business/healthcare-pharmaceuticals/eu-approves-illuminas-plan-divest-cancer-test-maker-grail-2024-04-12/
Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
cnn.com/2024/04/24/tech/tiktok-ban-bytedance-split-the-world-further-intl-hnk/
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.
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
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.
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/
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.
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
Meituan to Debut in Riyadh in First Expansion Beyond China: Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital ...
bloomberg.com/news/articles/2024-04-26/meituan-to-debut-in-riyadh-as-expansion-beyond-china-quickens
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/
Google Thinks It Can Cash In on Generative AI. Microsoft Already Has: While both Alphabet and Microsoft boasted strong earnings, only one tech giant showed that ...
wired.com/story/microsoft-google-earnings-generative-ai/
Android 15 Beta 1.2 released: After the patch is before the patch: Google recently distributed patch 1.1 for Android 15 on Pixel devices, now follows...
stadt-bremerhaven.de/android-15-beta-1-2-veroeffentlicht/
The Meta-morphosis of Mark Zuckerberg: The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley ...
nytimes.com/2024/04/24/style/mark-zuckerberg-new-look.html
Google Keep: Reminders end up in Google Tasks: Google Keep (also known as Google Keep) allows users to record everything quickly and easily. You can list...
stadt-bremerhaven.de/google-notizen-erinnerungen-landen-in-google-tasks/
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
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/
Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund
techcrunch.com/2024/04/26/global-founders-capital-becomes-rocket-internets-venture-arm/
Meta says revenue will be weak as it spends even more on AI: Push to integrate AI into Meta products boosts financial results, with sales and profits beating ...
theguardian.com/technology/2024/apr/24/meta-earnings
Nevertheless, many people are afraid of the rapid development of artificial intelligence - According to Sam Altman, there is no reason for this.
Trading Trump: Truth Social's first month of trading has sent investors on a ride
abcnews.go.com/Politics/wireStory/trading-trump-truth-socials-month-trading-investors-ride-109663176
Quick Glance: Trump Media Seeks Congressional Probe on 'Troubling' Market Manipulation Claims
- Trump Media & Technology Group is asking Congress to investigate suspicions of illegal activity affecting its stock price.
- In a disclosed letter, Devin Nunes, the CEO of Truth Social owner Trump Media, urged GOP Chairmen of relevant House Committees to examine the 'urgent matter' of 'potential manipulation' of the company's stock price.
- Trump Media recently reported a $58 million loss in 2023 with minimal revenue. The company's price-to-sales ratio, a common stock valuation method, is notably high compared to competitors in the social media sector.
- In the communication to Congress, Trump Media highlighted that data suggests 'just four market participants' accounted for over 60% of the exceptional trading volume in the company's stock: Citadel Securities, Virtu Americas, G1 Execution Services, and Jane Street Capital.
Flaws in Chinese keyboard apps leave 750 million users open to snooping, researchers claim
theregister.com/2024/04/26/pinyin_keyboard_security_risks/
FTC Refunds Ring Customers After Employee Spying Scandal: $5.6 million in refunds are being sent to those who owned Ring cameras before 2018 this week after the ...
pcmag.com/news/ftc-refunds-ring-customers-after-employee-spying-scandal
OpenAI's Sam Altman and other tech leaders join the federal AI safety board: Sam Altman, OpenAI's CEO, Microsoft chief Satya Nadella, Alphabet CEO Sundar Pichai ...
engt.co/44jT3ji
TikTok but without the algorithm? TikTok by Meta? A new law this week puts the plaftorm on a death watch—and none of the potential outcomes look great. www.wired.com/story/plaintext-sale-or-no-sale-tiktok-will-never-be-the-same/
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/
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
cnbc.com/2024/04/24/meta-loses-200-billion-in-value-zuckerberg-focuses-on-ai-metaverse.html
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Bitcoin falls below $64,000 as Meta, Microsoft and Google continue to drop: Slow economic growth and weak earnings reports in the tech sector have led to a ...
qz.com/bitcoin-ether-meta-ibm-microsoft-google-alphabet-1851435315
Paid articlePaid
With the introduction of AI Facebook may finally reach its target to ‘improve the world’
dailymaverick.co.za/article/2024-04-24-with-the-introduction-of-ai-facebook-may-finally-reach-its-target-to-improve-the-world/
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
ÖVP presents draft law on monitoring messenger services: According to the draft law, a two-stage approval process should be carried out so that the state ...
diepresse.com/18407004/oevp-legt-gesetzesentwurf-zur-ueberwachung-von-messenger-diensten-vor
Amazon to invest $11 billion in Indiana to build data centers: Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers ...
reuters.com/technology/amazon-invest-11-billion-indiana-build-data-centers-2024-04-25/
Mark Zuckerberg says Threads has 150 million monthly active users: Threads, the Twitter/X rival from Meta, is growing at a stable pace. The social network now ...
techcrunch.com/2024/04/24/mark-zuckerberg-says-threads-has-150-million-monthly-active-users/
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
techcrunch.com/2024/04/25/zomato-quick-commerce-blinkit-eclipses-core-food-business-in-value-says-goldman-sachs/
Meta’s Open Source Llama 3 Is Already Nipping at OpenAI’s Heels: Meta’s decision to give away powerful AI software for free could threaten the business models of ...
wired.com/story/metas-open-source-llama-3-nipping-at-openais-heels/
Why Meta is looking to the fediverse as the future for social media: Meta’s move into the open social web, also known as the fediverse, is puzzling ...
techcrunch.com/2024/04/25/why-meta-is-looking-to-the-fediverse-as-the-future-for-social-media/
Ads for Explicit ‘AI Girlfriends’ Are Swarming Facebook and Instagram: WIRED found thousands of ads running on Meta’s social platforms promoting sexually ...
wired.com/story/ads-for-explicit-ai-girlfriends-swarming-facebook-and-instagram/
Google accused of making it harder to search for rival: In a complaint to the EU, email firm Tuta says it suddenly became much less visible in Google search.
bbc.com/news/articles/ckv7jz9x1l9o
Nvidia CEO hand-delivers world's fastest AI system to OpenAI, again — first DGX H200 given to Sam Altman and Greg Brockman
tomshardware.com/tech-industry/artificial-intelligence/nvidia-ceo-hand-delivers-worlds-fastest-ai-system-to-openai-again-first-dgx-h200-given-to-sam-altman-and-greg-brockman
Cooperation with EA: Mercedes gets Need for Speed on the display - Golem.de: Mercedes-Benz announced a cooperation between Tencent and EA at Auto China 2024 ...
golem.de/news/kooperation-mit-ea-mercedes-bekommt-need-for-speed-auf-dem-display-2404-184551.html
For Kings (and Lakers, Clippers), home is where the playoff action is: As the Kings head back to L.A. after exhilarating Game 2 OT win, they'll find Crypto ...
latimes.com/sports/hockey/kings/story/2024-04-25/kings-edmonton-oilers-game-2-crypto-arena-nba-nhl-playoffs
Wall Street stocks closed lower as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation ... Show more www.reuters.com/markets/us/futures-falter-meta-platforms-weighs-megacaps-2024-04-25/
AI-generated clip used to frame high school principal with racist remarks, police say
smh.com.au/world/north-america/ai-generated-clip-used-to-frame-high-school-principal-with-racist-remarks-police-say-20240426-p5fmpl.html
Eminem announces his next album... and his last?: The real slim shady is back with a new album, but is it the end for the iconic rapper?
euronews.com/culture/2024/04/26/eminem-announces-his-next-album-and-his-last
49-euro ticket: over half use it permanently: More than half of people who use the Deutschlandticket for local public transport have been using it continuously ...
stadt-bremerhaven.de/49-euro-ticket-ueber-die-haelfte-nutzt-es-dauerhaft/
Billie Eilish on masturbation in front of the mirror: "It's hot": Billie Eilish is one of the biggest stars of our time. So famous that she rarely dares to go ...
stern.de/lifestyle/leute/billie-eilish-ueber-selbstbefriedigung-vor-dem-spiegel---es-ist-heiss--34657622.html
Zuckerberg reveals Threads now has 150 million monthly active users: Instagram's text-focused social media app Threads has achieved a new milestone ...
neowin.net/news/zuckerberg-reveals-threads-now-has-150-million-monthly-active-users/
Google & YouTube are taking these measures in the super election year 2024: This year there are important elections in this country, including the European ...
stadt-bremerhaven.de/diese-massnahmen-treffen-google-youtube-im-superwahljahr-2024/
WATCH: Harvard University's campus came under the spotlight on April 24, 2024, as scenes of students protesting in solidarity with Gaza went viral across ... Show more #DawnToday #US #Harvard
Amazon to blow $11B on cluster of Indiana bit barns: Talk about going round the (South) Bend
theregister.com/2024/04/25/aws_indiana_ai/
Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
cnbc.com/2024/04/25/dow-drops-more-than-600-points-on-inflation-and-growth-concerns-live-updates.html
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Netflix is also increasing prices for existing customers: First, the new Netflix prices applied to new customers - Soon, existing customers will also be ...
heise.de/news/Netflix-erhoeht-die-Preise-auch-fuer-Bestandskunden-9697377.html
Stock Market Today: Dow, S&P Live Updates for April 24: A $250 billion exchange-traded fund tracking the Nasdaq 100 got hit in late hours after Meta Platforms ...
bloomberg.com/news/articles/2024-04-23/stock-market-today-dow-s-p-live-updates
Paid articlePaid India's FirstCry set to withdraw $500 mln IPO papers after regulatory scrutiny: Indian retailer FirstCry is set to withdraw its papers for an up to $500 million ...
reuters.com/world/india/indias-firstcry-set-withdraw-500-mln-ipo-papers-after-regulatory-scrutiny-2024-04-25/
Swiggy gets shareholder nod for $1.2 billion-IPO: Swiggy, which is yet to file its draft red herring prospectus with Sebi, will also raise a pre-IPO round of Rs ...
financialexpress.com/market/ipo-news-swiggy-gets-shareholder-nod-for-1-2-billion-ipo-3468622/
What's behind the fight between Elon Musk's X and Australia's eSafety commissioner? – video
theguardian.com/technology/video/2024/apr/25/whats-behind-the-fight-between-elon-musks-x-and-australias-esafety-commissioner-video
Threads: Custom word muting coming soon: Good, new feature on Threads. Starting today, Hidden Words, which were previously only applied to answers ...
stadt-bremerhaven.de/threads-benutzerdefinierte-stummschaltung-von-woertern-bald-moeglich/
"Squad Busters is a love letter to Supercell IPs": It's taken nearly five and a half years, but Supercell has finally given the greenlight for its ...
pocketgamer.biz/comment-and-opinion/83875/supercell-on-squad-busters-launch-weve-been-waiting-for-this-moment-for-a-very-long-time/
EU Parliament: Various single-use plastic packaging banned from 2030: The European Parliament has approved a new regulation on packaging. The regulation aims to ...
stadt-bremerhaven.de/eu-parlament-diverse-einwegverpackungen-aus-kunststoff-ab-2030-verboten/
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
No, a Shadowy Figure Is Not Buying Tents for Columbia Student Protesters: Conspiracies about outside forces funding and orchestrating the university protests at ...
wired.com/story/conspiracy-tents-student-protests-gaza/
How social media is showing us what we like, rather than letting us find out for ourselves
abc.net.au/news/2024-04-25/how-social-media-algorithms-are-flattening-culture/103735868
Big Daddy dune: Namibia angered by tourists posing naked in dune safari: Photos of the three naked tourists have gone viral in Namibia, angering the authorities.
bbc.com/news/world-africa-68895522
Apple Reportedly Getting Rid of Its FineWoven Cases and Watch Bands: The eco-friendly cases are prone to durability issues.
pcmag.com/news/apple-is-getting-rid-of-its-line-of-finewoven-cases-and-watch-bands
Swisscom: The fiber optic decision was foreseeable: Swisscom has to change the design of its fiber optic network. She wanted to save money ...
nzz.ch/meinung/die-swisscom-wusste-dass-sie-den-wettbewerb-behindern-wuerde-und-tat-es-trotzdem-ld.1827979
Coca-Cola is betting AI can help it compete against Pepsi and Red Bull: Coca-Cola is working with Microsoft to “reimagine” its marketing and manufacturing
qz.com/coca-cola-ai-pepsi-redbull-retail-competition-1851435682
Paid articlePaid Google Calendar: Monthly quick access in the appointment overview: A small but perhaps welcome change to Google Calendar for Android. The appointment overview ...
stadt-bremerhaven.de/google-kalender-monats-schnellzugriffe-in-der-terminuebersicht/
TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere': TikTok's chief executive said on Wednesday that the company expects to win a legal ...
reuters.com/technology/tiktok-ceo-expects-defeat-us-restrictions-we-arent-going-anywhere-2024-04-24/
HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker
cnbc.com/2024/04/23/hashicorp-shares-spike-on-report-that-ibm-is-in-talks-to-buy-the-cloud-software-maker.html
Lawyers in Google browsing data case ask for $218 million fee award: Three U.S. law firms that spearheaded a browser data privacy class action against Alphabet's ...
reuters.com/legal/transactional/lawyers-google-browsing-data-case-ask-218-million-fee-award-2024-04-24/
Two cuffed in Samourai Wallet crypto dirty money sting: Suspects in Portugal and the US said to have laundered over $100M
theregister.com/2024/04/25/samourai_wallet_laundering_charges/
Bill Gates and Sam Altman invest in nuclear power and you should too, financial adviser says
qz.com/bill-gates-sam-altman-nuclear-power-energy-stocks-1851432722
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