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Current and former employees of video app’s Chinese parent ByteDance in outcry over stock award liabilities
Social media company cancels Steve Huffman’s performance awards based on hitting $25bn market value
...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...
...Pichai has also been criticised for being slower to commercialise generative AI, despite the technology being created in-house by its researchers....
...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....
...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 public unveiling of the robotaxi in August “may well be make-or-break time for [Tesla’s] long-promised” self-driving technology, he added....
...is increasingly under pressure to keep pace in the fast-moving AI race with Silicon Valley groups such as OpenAI, Microsoft and Alphabet’s Google, which has forced him to boost investment in the costly technology...
...For example, Yass’s group is the largest outside investor, with a 14 per cent stake, in Beijing Xindun Times Technology, or Trusfort, which provides cyber security solutions to several state-owned groups...
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...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...
...“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....
iPhone sales fall 10% in first quarter while groups including Xiaomi and Transsion register strong growth
Investors claimed chief executive misled them during an earnings call in 2018
...These include a “core technology fee” of 50 cents on every download or update of apps with more than 1mn downloads....
...A loss would set a “dangerous precedent” by allowing the government to influence how technology markets developed, it added....
...The partnership is one of a number struck between AI start-ups and technology giants over the past year, as Google, Microsoft, Amazon and others bet that strength in generative AI will be their biggest competitive...
Elon Musk-led electric vehicle maker’s stock jumps despite reporting a fall in quarterly revenue
...Uber’s former chief financial, operating and technology officers lost their rights to options over a collective 2mn shares that were also tied to the $120bn threshold, because all three left the business...
...The San Francisco-based company’s earnings on Wednesday surpassed analysts’ expectations, thanks to strong demand for ride-hailing and deliveries, as well as its growing advertising business....
TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...Tiger was one of the most prolific investors in private technology start-ups during a venture boom which peaked in 2021....
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