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ByteDance’s revenue from international operations, which are primarily TikTok, rose 63% to $39 billion in 2024, said a person with knowledge of the company’s financials. The international revenue accounted for a quarter of ByteDance’s total last year, the highest it has ever been, as growth in the company’s Chinese operations slowed.
The results highlight how much the Chinese tech giant has riding on the future of TikTok’s U.S. operations, which now depend on talks between the White House, ByteDance and th
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Trump has argued that inflation is down before. While it's steadily ebbed in recent years, prices are still rising faster than the Fed would like. Read more ›
4,041 fresh
"Elon is so terrific," the president told graduates at the University of Alabama. Read more ›
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Florence Pugh and Sebastian Stan star in the new film "'Thunderbolts*." Here's what critics are saying in reviews of the latest Marvel movie. Read more ›
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From interview slip-ups to ill-timed displays of affection, these Met Gala moments certainly caused some second-hand embarrassment. Read more ›
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The knock-on effects continue for Apple after a blistering ruling from a federal judge earlier this week that ordered the company to stop collecting fees for purchases made outside the App Store. Judge Yvonne Gonzalez Rogers ruled that Apple was using loopholes to circumvent her own ruling against the company from 2021. Companies are wasting no time streamlining payments outside of Apple’s walled garden, and Spotify is the latest to... Read more ›
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Rachel Cohen, who dramatically quit her Big Law job at Skadden Arps over how it handled Trump, joined a new firm launched by Abbe Lowell. Read more ›
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The private markets giant has been gobbling up publicly traded bonds since Trump's tariffs wreaked havoc on the markets, CEO Mark Rowan said. Read more ›
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Shawn Ryan left the Navy SEALs because he wasn't seeing enough combat and he didn't like what being a SEAL longterm had done to his comrades. Read more ›
1,441 fresh
X Corp. argues in its lawsuit that Minnesota's deepfake law violates its free speech rights under the First Amendment. Read more ›
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A startup founder told a Palantir alumni Slack group that AI agents could do the work of tens of thousands of government employees. He was met with emojis of clowns and a man licking a boot. Read more ›
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South Korea's NCSoft completed a strategic equity investment in the Austin, Texas-based development studio, Emptyvessel. Read more ›
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I stayed at a tiny home hotel in Germany during a European train trip. The tiny home I booked for two nights was full of space-saving hacks. Read more ›
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This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. America’s federal public lands are truly unique, part of our birthright as citizens. No other country in the world has such a system. More than 640 million acres, including national parks, forests, and wildlife refuges, as well […] Read more ›
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The Irish Data Protection Commission (DPC) has fined TikTok owner ByteDance €530 million ($602 million) for breaching the European Union's privacy laws. The regulator said TikTok sent European user data to China without being able to guarantee that the information was safe from government surveillance. It was reported last month that the DPC was going to slap TikTok with such a fine — the third-largest ever for a General Data... Read more ›
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Interviewing the people behind the 30-year old Unofficial Elder Scrolls Pages. Read more ›
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The US added 177,000 jobs in April, while the unemployment rate held at 4.2%. Read more ›
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With President Donald Trump's new tariff plan, your online shopping packages coming directly from China are about to get much more expensive. In February, the Trump administration moved to get rid of a little-known rule that allows US consumers to avoid tariffs on low-value packages. The de minimis exemption meant that packages valued under $800 […] Read more ›
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A crypto company part-owned by the Trump family stands to earn millions of dollars from a business deal involving a state-backed investment fund from the UAE. The arrangement amounts to “foreign policy for sale,” critics claim. Read more ›
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The Information
Investing in artificial intelligence can be a tricky business. It’s the time of “peak ambiguity when it comes to AI,” said Hemant Taneja, CEO of venture capital firm General Catalyst. “None of us really know what the world’s going to look like in some ways.” Investors face uncertainties about which startups endure, which piece of AI technology generates the most money and how much businesses are willing to spend on... Read more ›
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Leaders of the Chinese startup behind the hit artificial intelligence agent Manus have discussed setting up new headquarters outside China, according to two people with knowledge of the discussions. The discussions signal that the startup doesn’t want its ability to do business in the U.S. to be constrained by its Chinese roots. The startup, called Butterfly Effect, recently raised $75 million, at a valuation of $500 million, in a round... Read more ›
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Fundraising is picking up among crypto venture funds after two dismal years, as investors hope to profit from the friendly regulatory environment under President Donald Trump. The rebound is likely to be modest because venture capital funds are no longer the only game in town for big investors who want crypto exposure. Crypto VC funds are on track to raise nearly $4 billion in the coming months, which would top... Read more ›
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In January, three police officers arrived at a warehouse in central Connecticut run by a company called UniUni, a logistics startup that handles millions of packages each week for mostly China-founded e-commerce clients like Temu, Shein and TikTok Shop. Inside, they found piles of cardboard boxes and plastic mailing bags in the brightly lit main room of the warehouse—everything you’d expect to see at one of the hubs that serve... Read more ›
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A crop of new artificial intelligence startups, including those founded by star ex-OpenAI executives, is trying to convince investors to invest at multibillion-dollar valuations with scant products or revenue to speak of. But representatives from two investors, Fidelity and Atreides Management, say it may be too late for those firms to overcome the first movers in the field. That’s because incumbents like Elon Musk’s xAI and Google have a trifecta... Read more ›
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Most companies valued at more than $200 billion have imposed a high degree of structure on their organizations as they have grown. That’s not the case at Palantir Technologies. Experienced staff get a say in which projects they work on, according to five people who have worked at the data analytics firm. Performance reviews don’t always occur at scheduled times of the year. The company has no guidelines on in-office... Read more ›
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Snowflake and other enterprise software firms whose success predates the rise of ChatGPT are trying to recast themselves as artificial intelligence companies. They’ll have to persuade corporate customers to choose their offerings in what has become a very crowded field. The pressure is particularly acute for Snowflake CEO Sridhar Ramaswamy, who took the reins of the data analytics firm just over a year ago to turbocharge its AI efforts. To... Read more ›
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We could have a big deal coming soon. DoorDash looks likely to buy UK-based meal and grocery delivery firm Deliveroo for about $3.6 billion in cash, judging by a statement from Deliveroo on Friday that was also posted by DoorDash on its website. The U.S. delivery firm made an offer at that price earlier this month and Deliveroo said Friday it “would be minded to recommend such an offer to... Read more ›
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Around 300 employees at Google’s AI research unit Google DeepMind in the United Kingdom are seeking to unionize with the Communications Workers Union, the Financial Times reported. The unionization push follows employee discontent over Google providing cloud computing services to the Israeli ... Read more ›
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A senior Google cybersecurity executive testified on Tuesday that forcing Google to share data or spin off its Chrome browser, as the Department of Justice has proposed as the remedies for Google’s illegal search monopoly, would jeopardize user security on those products. Google is seeking a ... Read more ›
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Most popular sources
Business Insider
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40% 26 |
Gizmodo
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9% 7 |
Vox
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6% 5 |
Wired
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6% 1 |
The Verge
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5% 2 |
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02.05.2025 13:46
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