The Singapore-based CEO of TikTok, Shou Zi Chew, is getting a bigger job. TikTok’s Chinese parent company, ByteDance, is putting its newer social media app, Lemon8, under Chew’s supervision, according to a person with direct knowledge of the matter. The move appears to reflect ByteDance’s strategy of locating the heads of its global apps outside China, in an effort to defend the apps from a backlash over their Chinese ownership.... Read more ›
6
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously spurned low-grade type of nickel—and new smelting... Read more ›
241
Hi, welcome to your Weekend.Wall Street short sellers are not everyone’s cup of tea. That goes double for a lifelong contrarian like Marc Cohodes, who sees himself as an anti-fraud vigilante fighting for the little guys—while also being a loudmouth bully on Twitter. Nobody knows this better than veteran finance journalist Michelle Celarier, who has been on the receiving end of Cohodes’ verbal abuse over the years. When she set... Read more ›
58
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than the internet, the cloud, the iPhone combined.” Read more ›
41
On Wednesday night, Twitter experienced multiple outages during a high-profile live audio forum on the app in which Republican Florida Gov. Ron DeSantis launched his presidential campaign. While the specific reason for the flub couldn’t be learned, the company several weeks ago stopped paying for special software that handles high-traffic internet services, including for the app’s live-audio feature, according to a person with direct knowledge of the decision. The move,... Read more ›
81
On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices. TikTok—and nearly 60 other Chinese apps—had been driven offline in the world’s largest democracy. A sweeping government crackdown on Chinese tech had begun, with Prime Minister Narendra Modi issuing bans on widely popular apps and services to protect... Read more ›
19
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood. The 62-year-old’s second marriage was on the rocks. He was recuperating from shoulder surgery after his horse rammed him. He couldn’t do much of anything besides fume and tweet about the financial markets. On April 29, 2022, Cohodes found himself seething about offshore crypto exchange FTX and its CEO, Sam Bankman-Fried,... Read more ›
63
Welcome back!Los Angeles, with its close ties to the larger entertainment industry, has emerged as the center of the creator economy. For years, startups serving creators have flocked to Southern California. But this year, more money is flowing to creator startups based elsewhere.Only 14% of the creator economy startups that have raised funding this year are headquartered in Southern California. Prior to this year, 27% of the startups in The... Read more ›
3
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits. While Chime brought in more than $1 billion in revenue last year, according to two people familiar with the figure, Chime’s revenue growth has slowed dramatically since 2020. And behind the scenes, the startup that once fetched a $25 billion valuation has struggled to fix costly fraud... Read more ›
0
Since 100% of the conversations I have on a given day turn to artificial intelligence, I can’t stop thinking about the new technology, the new business models around it and how regulators will respond. And if I am being honest with myself, the answer to most of the questions that come up in these conversations is that I simply have no idea how this will all play out. Apparently, investors... Read more ›
75
A new livestreaming service called Kick has been attracting streamers with a revenue-split that lets creators keep 95% of their subscription revenue, a more generous deal than the 50% split they get from streaming site Twitch. A new report Thursday shows just how successful that perk has been. Hours watched on Kick climbed to 51.8 million in April, up from 12.8 million in January, according to a new report on... Read more ›
72
Welcome back!U.S. venture capitalists seem to be gripped by patriotic fervor, with a growing faction urging their peers to back more companies that help the U.S. battle adversaries like China. That’s put other venture capital firms with large China footprints on the defensive, as I reported this week.The recent bout of nationalism has worried me, as well as some investors I’ve spoken to. For one thing, it could fuel xenophobia... Read more ›
9
JPMorgan has told customers with personal credit lines at First Republic Bank that it will no longer offer those lines when they come up for renewal, according to correspondence viewed by The Information. The failed lender, which has been sold to JPMorgan, had offered personal lines of credit to its wealthy client base as a key way of attracting customers. A person familiar with the matter said JPMorgan doesn’t offer... Read more ›
120
Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network. I doubt the shareholder lawsuit filed against former Disney CEO Bob Chapek and current Chief Financial Officer Christine McCarthy a couple weeks ago will go to trial. If Disney is guilty of fraud in how it represented the performance of its streaming properties, then there is a biblical-style legal reckoning coming for all media companies with streaming businesses.... Read more ›
84
Satya Nadella didn’t want to hear it. Last December, Peter Lee, who oversees Microsoft’s sprawling research efforts, was briefing Nadella, Microsoft’s CEO, and his deputies about a series of tests Microsoft had conducted of GPT-4, the then-unreleased new artificial intelligence large-language model built by OpenAI. Lee told Nadella Microsoft’s researchers were blown away by the model’s ability to understand conversational language and generate humanlike answers, and they believed it showed... Read more ›
0
The world’s top-selling electric vehicle makers, Tesla and China’s Byd, have one thing in common—they largely use inexpensive iron-based batteries in their cars. By contrast, legacy Western car manufacturers have stuck almost entirely with more costly nickel-based EV batteries. Volkswagen, Mercedes-Benz and Stellantis have said they will use iron batteries in some of their EVs, but they have declined to say when or how many.Now Ford has offered some specifics:... Read more ›
0
The most important acronym in business right now is AI, but another one—GPU—isn’t far behind. Today’s earnings forecast from chip designer Nvidia, which makes graphics processing units that power ChatGPT and its ilk, shows what surging demand for the data center chip is worth. Nvidia said it expected to generate about $11 billion in revenue in the current fiscal quarter, which ends in July, up 64% from the same period... Read more ›
124
Two influential shareholder advisory firms have taken an aggressive stance against Alphabet’s board of directors ahead of the company’s June 2 annual meeting, telling clients they should vote in favor of a majority of proposals submitted by shareholders to improve the company’s corporate governance—proposals the board hopes to squash. The advisory firms, Institutional Shareholder Services and Glass Lewis, also called for voting out two directors, including the chair, John Hennessy.... Read more ›
193
Given that Amazon owns Twitch, you’d think that the live streaming service would have made commerce a key part of its product. That hasn’t been the case, though it’s tested features like affiliate links and even live shopping games. But Mike Minton, Twitch’s chief monetization officer, said it still has hopes for commerce—and live shopping may be a better fit. “We’re trying to balance and figure out what’s the right... Read more ›
39
Crypto fans are freaking out! What else is new? Over the past week, the crypto hardware wallet maker Ledger came under fire for a product update that customers worried could jeopardize the safety of their digital assets. That prompted an apology from the company over how the change was communicated. And this is a familiar rhythm for crypto startups, which increasingly are being forced to alter—or at least jump through... Read more ›
42
Most popular sources
ScienceDaily
|
0% |
The Fintech Times
|
0% |
Inc42 Media
|
0% |
Ars Technica
|
0% |
Wired
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
05.04.2026 16:13
Last update: 16:05 EDT.
News rating updated: 23:01.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.