Maybe the biggest tell that traditional media is heading for the ICU isn’t that after months of intense negotiations, Shari Redstone did something weird and refused to sell her fading empire to a company known as Skydance. No, it’s that a lot of smart media people, including those involved in the negotiations, believe that when … Read more
TikTok owner ByteDance has again denied that it considered divesting the US operations of its popular short video platform, in response to a report by The Washington Post on Wednesday that such a plan existed in 2022. In a brief statement on Thursday, Beijing-based ByteDance called on Chinese social media not to spread such misinformation … Read more
Beijing-based ByteDance late on Thursday rejected a report by US digital publication The Information, which said that it was “exploring scenarios” to sell a majority stake in TikTok’s US operations to firms outside the technology industry and without the algorithm that powers the platform. In a statement posted on its Jinri Toutiao news platform, ByteDance … Read more
A handful of American finance and tech tycoons are gearing up for multi-billion bids to buy TikTok after President Joe Biden signed an act which will force its Chinese owners to sell the app. The Wall Street and Silicon Valley figures are led by Steven Mnuchin, the former treasury secretary who has openly said he … Read more
Oracle founder Larry Ellison announced Tuesday that he plans to move the software giant’s corporate headquarters to Nashville, Tennessee, which he added is at the center of the healthcare industry. Ellison sat down with former Senate majority leader Bill Frist for an onstage conversation in Nashville, which was shared by Oracle Health on the social media platform … Read more
Elon Musk’s SpaceX and Larry Ellison’s Oracle are joining forces to develop a farming-centric AI tool that will come in handy for planning and predicting agricultural output. During Oracle’s earnings call earlier this week, Ellison announced that the computer technology company will be teaming up with Musk-led SpaceX. This collaboration will aim at developing an … Read more
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