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China eyes next TikTok boom as firms boost video production with AI

Analysts say AI video tools could transform content creation by boosting efficiency and making production more accessible

JPMorgan starts research coverage of top private firms like OpenAI

The largest US lender released its first report on OpenAI, the company that spurred Wall Street's AI gold rush, according to an internal memo seen by Reuters

US will start talks with China on possible TikTok deal this week: Trump

Last month, Trump extended the deadline to September 17 for China-based ByteDance to divest the US assets of TikTok

Meta, TikTok can be sued by mother of teen killed while subway surfing

Meta and ByteDance have previously faced thousands of lawsuits, along with Snapchat, accusing the platforms of being addictive and causing harm to children, schools, and governments

Trump to extend TikTok's deadline by 90 days; to sign order: White House

President Trump has signed an executive order delaying the ban on TikTok for a third time, giving ByteDance 90 more days to secure a divestment deal

Trump administration in talks with 4 buyers for TikTok's US business

Even though the President did not mention which four companies are involved, he did mention that a 'lot of people want it' and 'all options were good'

Investors bidding for TikTok to offer 'significantly' more than $20 bn

It remains unclear if Tinsley and his investor group will be serious contenders for what are shaping up to be competitive and fast-evolving negotiations

Perplexity AI's new bid for TikTok parent firm could give US govt 50% stake

Perplexity AI has presented a new proposal to TikTok's parent company that would allow the US government to own up to 50% of a new entity that merges Perplexity with TikTok's US business, according to a person familiar with the matter. The proposal, submitted last week, is a revision of a prior plan the artificial intelligence startup had presented to TikTok's parent ByteDance on Jan. 18, a day before the law that bans TikTok went into effect. The first proposal, which ByteDance hasn't responded to, sought to create a new structure that would merge San Francisco-based Perplexity with TikTok's US business and include investments from other investors. The new proposal would allow the U.S. government to own up to half of that new structure once it makes an initial public offering of at least $300 billion, said the person, who was not authorized to speak about the proposal. The person said Perplexity's proposal was revised based off of feedback from the Trump administration. If the pla

Donald Trump administration explores TikTok deal with Oracle, Microsoft

Earlier, Trump had expressed openness to Tesla CEO Elon Musk or Oracle Chairman Larry Ellison acquiring the Chinese social media platform

TikTok's ByteDance plans $20 billion capex in 2025, mostly on AI: Report

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment

Open to Elon Musk or Larry Ellison buying TikTok: US President Trump

Billionaire Frank McCourt, Shark Tank investor Kevin O'Leary, tech entrepreneur Jesse Tinsley and MrBeast have all expressed interest in TikTok

TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025

This move comes as the Chinese company faces pressure from Washington to sell its popular video-sharing app in the United States

TikTok users anxiously await its return to US app stores, some abandon app

TikTok resumed service after Trump's assurances that the company and its partners would not face hefty fines to keep the app running, but it was yet to return to app stores

Apple, Google remove TikTok from US app stores as nationwide ban kicks in

Their moves followed TikTok's decision to proactively suspend its services to US-based users a few hours earlier when it took its platform offline

TikTok prepares for immediate shutdown in US this Sunday as ban nears

The US Supreme Court is ruling on the constitutionality of a law signed by President Joe Biden mandates TikTok to divest from its Chinese parent company, ByteDance, and sell to a US-based entity

Senators urge Biden to grant ByteDance 90-day delay from law requiring sale

The Justice Department had said that as a Chinese company, TikTok poses a national-security threat of immense depth and scale

Apple in talks with Tencent, ByteDance to roll out AI features in China

Apple's discussions with Tencent and ByteDance on using their AI models are at a very early stage

US Supreme court to hear appeal by TikTok's Chinese parent firm against ban

The dispute comes at a time of growing trade tensions between the world's two biggest economies after President Joe Biden's administration placed new restrictions on the Chinese chip industry

TikTok asks US Supreme Court to block govt ban set to take effect in Jan

Barring Supreme Court intervention, the ban will kick in Jan. 19, the day before Trump is inaugurated

TikTok's potential US ban explained: Can Trump save it from shutdown?

US lawmakers have called on Apple and Google to comply with the January 19 deadline by banning TikTok from their app stores unless ByteDance divests its ownership