When Donald Trump was sworn in as the 47th US president on January 20, several tech tycoons were present – from Amazon.com’s Jeff Bezos to Meta Platforms’ Mark Zuckerberg – but the unlikeliest among them was TikTok CEO Chew Shou Zi. The executive was standing next to Tulsi Gabbard, the president’s nominee for Director of … Read more
US President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days. “I have spoken to many people about TikTok and there is great interest in TikTok,” Trump told reporters on Air Force One … Read more
The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle, opens new tab and a group of outside investors to effectively take control of the app’s operations, two people with knowledge of the discussions told Reuters. Under the deal being negotiated by the White House, TikTok’s China-based … Read more
The company intends to use the funds to build a data centre “so large that it would cover a significant part of Manhattan”, Zuckerberg said in a Facebook post. Meta plans to bring around a gigawatt of computing power online in 2025 and is projected to end the year with more than 1.3 million graphics … Read more
The Stargate Project – a venture initially led by SoftBank Group, ChatGPT creator OpenAI, Oracle and Emirati investment firm MGX – plans to plough up to US$500 billion in the US over the next four years into an advanced network of data centres, housing high-performance computing infrastructure needed for AI development initiatives. The first such … Read more
The S&P 500 rose to an all-time high of 6,104 at 1:25 a.m. ET on 23rd January as US President Donald Trump called for lower interest rates, urged OPEC to drop oil prices, and warned global businesses of steep tariffs if they manufacture outside the US during his remote speech at the World Economic Forum … Read more
Skydance Media may finally win regulatory approval for its $8 billion deal to merge with Paramount Global — but the process could look like something out of “Mission: Impossible.” That’s the word from sources close to the megadeal, who tell me that under terms of a merger approval being discussed by the incoming Trump administration’s … Read more
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
