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BYTEDANCE AI SERVICE SHUTDOWN
After 250 layoffs and a Nashville office shutdown, TikTok makes another big move US employees didn’t expect and it’s the same one Instagram and Amazon madeAfter laying off 250 employees and announcing the closure of its Nashville office, TikTok is making another major move affecting US staffer...- Chinese users of AI companions bereft after government tightens regulationsChina has a tradition of paternalistic government regulations meant to pre-empt potential problems, said Yolanda Ma, an expert on AI govern...
- US court rules Meta, other tech firms must face thousands of lawsuits over social media addictionThe San Francisco-based 9th U.S. Circuit Court of Appeals rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling re...
- US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceedAn appeals court permitted thousands of lawsuits against social media firms to advance. These suits allege companies designed products to a...
- Nazara’s new raise; PEs gravitate to startupsHappy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETtech Morning Dispatch.
- Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDanc...
- Nasdaq-bound Yellow AI leans on AI services push to boost growthAutomating Processes Enterprise AI platform plans to acquire BPOs to automate operations via AI agents
- To IPO, or to IPOstpone? : What Zepto’s IPO pullback tells a bigger story about business and timing.The speed with which Zepto has ramped its national footprint is mindboggling. But with mounting losses, half-baked business plans, the spe...
- DeepSeek's new AI model is by far the cheapest of well-known models to run, research firm saysA version of Chinese startup DeepSeek's flagship AI model is by far the least expensive to run on benchmark tests among well-known models g...
- Swiggy Q1 losses narrow; Groww founders plan new fundHappy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch.
- TikTok charged with breaching EU tech rules on online safety for kids, EU saysTikTok faces EU charges for allegedly failing to protect minors from cyberbullying and predators through its account and privacy settings. ...
- China's memory chip makers ride AI boom to new power, US scrutinyChinese chipmakers CXMT and YMTC are now dictating memory chip prices globally. These companies are securing significant deals with major C...
- Teen plaintiff suing Meta over mental health harms drops his claims against company days before trialThe lawsuit, brought by a 15-year-old boy known as R.K.C., originally named four defendants, Google's YouTube, Meta's Instagram, Snap Inc...
- US lawmakers urge Donald Trump to act against EU tech rules, suggest trade probesIn a letter, the lawmakers focused on the European Union's Digital Markets Act aimed at reining in the power of Amazon, Apple, Booking Hold...
- TikTok US chief security officer to testify before US House on September 15This is the first time a TikTok US executive will testify publicly in the US House since the company's Chinese owner, ByteDance, finalized ...
- China considers tighter export controls on AI models and chipsRegulators led by the China's Ministry of Commerce (MofCom) have been consulting leading domestic AI and chipmaking groups on how to prev...
- Elon Musk's biggest population warning just got a surprising response from ChinaChina introduced strict rules for AI chatbots, preventing emotional dependence. These regulations aim to protect users and encourage real-w...
- Pocket-size AI: Powerful phones star at China showTech firms are developing AI agent smartphones that could revolutionize mobile use. These advanced phones aim to perform tasks using voice ...
- Apple Intelligence AI service registered with China's cyberspace regulatorApple's new AI service, Apple Intelligence, has officially been registered with China's cyberspace regulator. This move is crucial for the ...
- SoftBank names ex-Goldman Sachs trader Mark Agne to lead Vision Fund financesSoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBan...
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