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Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownership
Current and former employees of video app’s Chinese parent ByteDance in outcry over stock award liabilities
...The San Francisco-based start-up’s yearly run rate — a measure of the previous month’s revenue multiplied by 12 — hit the $2bn milestone in December 2023, according to two people with knowledge of its finances...
Social media company cancels Steve Huffman’s performance awards based on hitting $25bn market value
Social media site reports strong user growth but cautions US election could affect advertising
...Large technology companies, including Google, Microsoft and Sony are exploring embedding the technology into their AI tools....
New campaign depicting instruments and artistic tools being destroyed will not air on TV after criticism
Lawsuit including parent company ByteDance claims legislation would breach free speech rights
...Pichai has also been criticised for being slower to commercialise generative AI, despite the technology being created in-house by its researchers....
...Arm said chips based on its V9 technology now contribute a fifth of its royalty revenues, compared with 15 per cent in the previous quarter....
...Once again, the US federal government is back in the game of funding technology in a big way, promising to unleash a further wave of private sector investment and innovation....
Department of Justice has challenged tech group’s market power in high-profile showdown
...In 2020, China updated its export control rules that in effect give Beijing a say in any deal that would sell Chinese technology to an American buyer....
..., who has been criticised for being slower than rivals to commercialise generative AI — particularly in the context of Microsoft’s $13bn partnership with OpenAI and its much-hyped ChatGPT — despite the technology...
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...Musk remains convinced that the company’s bet on self-driving technology, which has led to several fatalities, will be its key differentiator in the future....
...The San Francisco-based company reported operating profit of $172mn for the first three months of the year, compared with analysts’ forecasts for more than $600mn....
...capability of new artificial intelligence models will surpass human intelligence by the end of next year, so long as the supply of electricity and hardware can satisfy the demands of the increasingly powerful technology...
...The San Francisco-based company has spent years working to improve and grow its core rentals business, including by rolling out features designed to improve the experiences of users and hosts....
iPhone sales fall 10% in first quarter while groups including Xiaomi and Transsion register strong growth
...It said it would increase capital spending in support of the technology behind chatbots and smart assistants....
...“People won’t use technology they don’t trust,” said Shelley McKinley, chief legal officer at GitHub, a repository for code that is owned by Microsoft....
...Musk believes this technology is central to the future of the EV market, saying that “everything else is like variations on a horse carriage”....
...Additional reporting by George Steer in New York, George Hammond in San Francisco and Philip Stafford in London...
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