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Elon Musk Emerges As Potential TikTok US Buyer As Ban Deadline Looms, Company Terms It 'Pure Fiction'
Monday, January 13, 2025 - 10:46pm | 567Chinese officials are considering Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as a potential buyer for TikTok’s U.S. operations, as the social media platform faces a Jan. 19 deadline to divest or shut down. What Happened: The discussions, though preliminary, envision a potential scenario where...
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TikTok Ban Deadline Ahead: What Will Happen To App On Your Phone?
Monday, January 13, 2025 - 3:10pm | 1017A TikTok ban in the United States is approaching, as the Supreme Court signals support for enforcing a Jan. 19 deadline. Here's a look at what happens to your app if the ban goes through, what could happen next, and what companies stand to benefit. TikTok Ban Nears: The Supreme Court recently heard...
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Supreme Court Hears TikTok Arguments With App's Ban Ahead: 'Essentially, The Platform Shuts Down'
Friday, January 10, 2025 - 12:22pm | 628The U.S. Supreme Court heard oral arguments Friday in the case regarding legislation that could ban TikTok in the United States in nine days. The Background: Last year, Congress passed a law requiring TikTok parent company ByteDance to sell TikTok or the app, which has about 170 million users in...
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World's Top 10 Richest People Gained More Wealth In 2024 Than Costco And Nike's Combined Valuation: How Elon Musk, Warren Buffett And Others Fared
Thursday, January 2, 2025 - 1:45pm | 1100Billionaire Elon Musk became the first person in the world to have a wealth of more than $400 billion, an accomplishment that came following the 2024 presidential election. Musk wasn't the only billionaire to see their wealth grow dramatically in 2024. Here's a look at the top 10 richest people in...
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TikTok Parent Plans $7 Billion AI Push With Nvidia Chips
Monday, December 30, 2024 - 12:11pm | 551ByteDance, the Chinese tech powerhouse behind TikTok and Douyin, is charging ahead in the AI race, and it’s doing so with a very big chip on its shoulder—or rather, chips. In a bold move to expand its artificial intelligence (AI) footprint, the company is set to spend up to $7 billion in...
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TikTok Ban Under Trump? President-Elect Reconsiders As Pelosi Says 'Follow The Money'
Monday, December 23, 2024 - 1:28pm | 1207President-elect Donald Trump tried to ban TikTok during his first presidential term but is now open to keeping the social media app around ahead of a pending January ban. What Happened: Similar to a reversal of opinion on cryptocurrency, Trump has had a change of heart about banning TikTok from the...
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Apple Reportedly In Talks With Tencent, TikTok-Parent ByteDance To Roll Out AI Features In China
Thursday, December 19, 2024 - 3:56am | 542Apple Inc. (NASDAQ:AAPL) is reportedly engaging in discussions with Tencent (OTC:TCEHY) and TikTok’s parent company, ByteDance, to integrate their AI models into iPhones sold in China. What Happened: The U.S. tech giant began incorporating OpenAI’s ChatGPT...
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Mark Cuban Says This Is The 'Holy Grail' That Makes Bluesky Better Than Musk's X Platform
Wednesday, December 18, 2024 - 7:09pm | 963Entrepreneur and investor Mark Cuban has been an outspoken critic of Elon Musk and the X social media platform. In a recent interview, Cuban shares what sets Bluesky apart from X and why he's spending more time there. Why Cuban Loves Bluesky: Alternate platforms to X, formerly known as Twitter,...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, December 13, 2024 - 3:34pm | 1581Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...
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Tech Stocks Rise; Meta Rallies As Court Upholds Tiktok Ban; Bitcoin Roars Above $101,000: What's Driving Markets Friday?
Friday, December 6, 2024 - 3:09pm | 1002The S&P 500 and the Nasdaq 100 are set to log their third consecutive week of gains. The Nasdaq 100, in particular, is tracking its strongest weekly performance in a month, underscoring investor enthusiasm for tech stocks and the growing likelihood of lower interest rates. Meanwhile, the Dow...
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Bytedance Valuation Soars To $300B Despite Threat Of US TikTok Ban
Tuesday, November 19, 2024 - 1:32pm | 460ByteDance, the parent company of the globally popular app TikTok, has set its valuation at a whopping $300 billion. This marks one of the highest valuations the company has seen to date. What Happened: ByteDance’s valuation was established in a recent share buyback offer. This move indicates...
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China's Tech Giants Alibaba, ByteDance, And Meituan Are Expanding Their Silicon Valley AI Footprints Amid US Efforts To Block Progress: Here's Why
Monday, November 18, 2024 - 11:15pm | 706China’s leading tech firms, Alibaba (NYSE:BABA), ByteDance, and Meituan (OTC:MPNGY) (OTC:MPNGF), are reportedly expanding their AI teams in Silicon Valley. What Happened: These Chinese tech giants have been growing their California-based offices recently, to attract...
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AI Demand Fuels Record Profits, Chip Controversies, And Tech Giants Redefine AI Landscape: This Week In The World Of Artificial Intelligence
Sunday, October 27, 2024 - 9:00am | 635The week was buzzing with significant developments in the tech world, with artificial intelligence (AI) at the center of it all. From record-breaking profits driven by AI demand to potential violations of export rules, the tech industry kept us on our toes. Here’s a quick roundup of the top...
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TikTok Parent Fires Intern For 'Maliciously Interfering' With AI Training, Denies $10M Damage Claims Amid Social Media Outcry
Monday, October 21, 2024 - 5:16am | 482Chinese tech giant ByteDance Ltd. has dismissed an intern for allegedly disrupting the training of one of its artificial intelligence models. What Happened: ByteDance, the parent company of popular social media platform TikTok, has reportedly fired an intern for intentionally interfering with the...
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OpenAI's Chinese Cousins Alibaba, And ByteDance Are Slashing AI Costs And Defying US Chip Sanctions: Beijing's Strength Is To 'Build Fast, Build Reliably And Build Cheap'
Sunday, October 20, 2024 - 11:39pm | 673Amid the U.S. chip sanctions, Chinese artificial intelligence firms, including 01.ai, Alibaba Group Holding Ltd (NYSE:BABA), and ByteDance, are making strides in reducing AI costs. What Happened: Chinese AI companies, including startups like 01.ai and DeepSeek, and giants like...