Meta Platforms will break up a team that trained employees on civil rights, sought to prevent the companyâs algorithms from spreading harmful or disrespectful content and helped the company develop technology to more equitably distribute ads, according to a person with direct knowledge of the ... Read more âș
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Itâs not just Meta Platforms, Snap and Googleâs YouTube that stand to benefit if TikTok shutters in the U.S. as a result of Fridayâs Supreme Court decision upholding the ban-or-sell law against the Chinese-owned app. Several small social and video apps, including Flip, Clapper and Whatnot, could also come out ahead. Meanwhile, losers include logistics startups which work with TikTok Shop sellers, such as ShipBob and ShipHero, along with advertisers... Read more âș
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Crypto wallet provider Phantom said it raised $150 million in a Series C round led by Sequoia Capital and Paradigm that boosted its valuation to $3 billion. Existing investors including a16z crypto and Variant also participated in the round. A competitor of Coinbase Wallet and MetaMask, Phantom ... Read more âș
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This week on More or Less: TikTok and the coming digital trade war. Apple Spotify YouTube Read more âș
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U.S. authorities took a key step on Friday toward heavily restricting a trade rule used by e-commerce companies like Temu, Amazon and Shein to import products into the U.S. from China without paying tariffs. U.S. Customs and Border Protection proposed rules on Friday that would bar companies ... Read more âș
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Artificial intelligence has the potential to solve the worldâs problems, like climate change, plastics and even inequality, believes one of the readers of The Information. Whether it will do so depends âon the questions we ask of this tremendous power now in our hands,â says the reader. A recent survey of 108 readers of The Information (see the methodology) sheds light on where companies are in their journey to harness... Read more âș
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When Unrivaled, a new professional womenâs basketball league, tips off tonight on TNT, fans will be introduced to a version of the sport that Alex Bazzell, one of the leagueâs founders, described to me as âa Broadway show on steroids.â That spectacle will feature three-player teams rather than traditional five-on-five action, Bazzell explained as we stood on the leagueâs gleaming new hard court in Miami last week. Viewers will see... Read more âș
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In the eight months since President Joe Biden signed into law a requirement that TikTok sever its ties with its Chinese parent, ByteDance, or face a ban in the U.S., TikTok CEO Shou Zi Chew has been asked numerous times by company executives what TikTok would do if its legal fight against the law failed. Chew never gave a clear answer and sometimes said he hadnât thought about it, according... Read more âș
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The Supreme Court on Friday upheld a U.S. law that forces TikTok to cut ties with its Chinese parent ByteDance or face a ban. The decision came two days before the Sunday deadline for the law to go into effect. Barring the courtâs intervention, TikTok had planned to shut off its app on ... Read more âș
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A mergers and acquisitions slowdown for beauty, apparel and other consumer startups, plus a yearslong initial public offering drought, have created a quandary for once-hot brands: Many risk becoming too passĂ© to go public but too big for buyers to swallow. Avoiding that fate was top of mind for many investors, advisers and executives I spoke to this week at a major retail conference in Orlando, Fla. Some are cautiously... Read more âș
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While itâs too early to predict whatâs going to happen with TikTok, itâs beginning to look like ByteDance has successfully called the U.S.âs bluff. For months, ByteDance has refused to contemplate selling TikTok to avoid a ban. And now, days before the ban is due to take effect, politicians are caving in. Most notably, Senate Democratic leader Chuck Schumer posted on Bluesky on Thursday that âmore time is needed to... Read more âș
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The Federal Trade Commission said Thursday it had referred a legal complaint it made against Snap to the Department of Justice and alleged the companyâs artificial intelligence chatbot poses ârisks and harms to young users of the applicationâ and that Snap âis violating or is about to violate ... Read more âș
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Shield AI, a maker of drones and software whose customers include the Ukrainian and U.S. governments, is in talks to raise hundreds of millions of dollars from investors including Palantir and Lockheed Martin, three people familiar with the matter said. The round would likely value the San Diego-based startup at about $5 billion, before the investment, roughly double its valuation from its last funding round in 2023, the people said. Read more âș
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Sequoia Capital is planning to double down on Harvey, which uses artificial intelligence to automate work for lawyers, less than two years after first investing in the startup. The reason probably has something to do with its revenue growth.Harvey expects to raise about $300 million at around a $3 billion valuation in a round led by Sequoia Capital, according to people with direct knowledge of the fundraising. This would come... Read more âș
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Itâs crunch time for TikTok, and my phone is blowing up with panicked messages from creators, their managers, agencies and ordinary users about what will happen.Before we get into the possibilities, my colleague Catherine has an update about what TikTok is telling advertisers: Read more âș
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Amazon is laying off about 200 employees in its North America stores division, the company said Thursday. An Amazon spokesperson confirmed the cuts to the division, which includes a wide variety of teams working on everything from fashion and fitness products to private brands under senior vice ... Read more âș
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Meta Platforms Chief Technology Officer Andrew Bosworth on Tuesday told staff that the company had handled parts of recent changes to its human resources and content moderation policies clumsily, and that it plans to âcorrectâ some of the changes. âThere were things I think were pretty ham-fisted, borderline unintentional,â Bosworth said in a question-and-answer session with employees of Metaâs augmented and virtual reality unit, Reality Labs, according to a recording... Read more âș
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Microsoft chips and data center executive Zaid Kahn is leaving the company to pursue other opportunities, according to an internal email announcing the move on Thursday. Kahn, a vice president of cloud artificial intelligence and advanced systems engineering, played a key role in developing the ... Read more âș
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For the last two years, enterprise software companies have been trying to convince customers to fork over more money for new artificial intelligence features, such as generating notes from conference calls and ginning up images for slide presentations.Now, the software firms are no longer asking. Google said Wednesday it would automatically include generative AI features with Workspace productivity apps like Gmail, and charge basic tier customers an additional $2 per... Read more âș
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Microsoft CEO Satya Nadella and President Brad Smith met with president-elect Donald Trump and vice-president elect J.D. Vance at Mar-a-Lago in Florida on Wednesday, Microsoft said in a statement. Elon Musk, who has been tapped by Trump to lead a government efficiency initiative and recently ... Read more âș
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10.06.2026 14:36
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