• 31
    Aug

    TikTok parent ByteDance says it will ‘strictly follow’ China export controls

    While Beijing has repeatedly spoken out against Washington’s pressure on Huawei, it has remained relatively quiet amid TikTok’s recent struggles in the U.S. As the red-hot video app approaches a final sale in the U.S., however, the Chinese authority moved unexpectedly to make the deal more complicated to go through. On late Friday, China’s Ministry of Commerce updated its export control categories to cover ...
  • 31
    Aug

    Chan Zuckerberg Initiative backs Indian education startup Eruditus in $113 million fundraise

    Mumbai-based Eruditus, which works with top universities globally to offer more than 100 executive-level courses to students in over 80 nations, said on Monday it has raised $113 million in a new financing round as it looks to further scale its business to reach more learners. The Series D financing round for the 10-year-old startup was co-led by Leeds Illuminate ...
  • 31
    Aug

    SpaceX successfully launches its first polar orbit mission from Florida

    SpaceX  performed a milestone first polar orbital launch of a satellite from its East Coast launch facility at Cape Canaveral on Sunday. The Falcon 9 mission carried three payloads, including a SAOCOM-1B synthetic aperture radar satellite which was flown on behalf of the Argentine space agency, and two small satellites for clients Tyvack and PlanetiQ. The launch took place at 7:18 ...
  • 26
    Aug

    The pandemic has probably killed VR arcades for good

    25
    0
    A lagging trend of the past few months has been witnessing startups that COVID seemed poised to kill end up scaling back some of those deep cuts and taking off again. Not all spaces have been quite so lucky, in particular, lately we’ve seen a host of location-based virtual reality startups shut their doors. Virtual reality arcades weren’t exactly crushing ...
  • 26
    Aug

    White House announces $1B investment for AI and quantum computing hubs

    30
    0
    Building out its previous commitment, the White House is announcing a $1 billion investment into two of tech’s most promising frontiers, AI and quantum computing. Last year, the Trump administration rolled out an executive order on AI declaring its intention to bolster U.S. dominance in the field, but the order didn’t address much in the way of funding its plans. This February, ...
  • 21
    Aug

    There’s no frontrunner to be found among the TikTok alternatives

    The U.S. market has no real frontrunner poised to claim TikTok’s throne if the app is banned in the country. According to Trump’s executive order, TikTok’s owner ByteDance has to divest of TikTok’s U.S. operations or the app will be banned from the U.S. market on November 12. A number of companies have considered the TikTok deal, including frontrunner Microsoft, Twitter, Google and even Oracle, for some reason. But ...
  • 21
    Aug

    Facebook trails expanding portability tools ahead of FTC hearing

    28
    0
    Facebook is considering expanding the types of data its users are able to port directly to alternative platforms. In comments on portability sent to US regulators ahead of an FTC hearing on the topic next month, Facebook says it intends to expand the scope of its data portability offerings “in the coming months”. It also offers some “possible examples” of how it could build on ...
  • 19
    Aug

    Xos Trucks raises $20M to put more of its electric commercial trucks on the road

    Commercial electric vehicle startup Xos Trucks has raised $20 million, funding it will use to ramp up production ahead of potential new demand fueled by a landmark emissions rule adopted by California that will require more than half of all trucks sold in the state to be zero-emissions by 2035. The startup, which was formerly known as Thor Trucking, raised ...
  • 19
    Aug

    TikTok’s big UnitedMasters deal is the way forward for creators looking to secure their bag

    TikTok is right in the jaws of a thorny situation with the U.S. government regarding its ownership, but it’s sending a clear message today that it is not sitting on its heels with big deals. Yesterday, it announced a deal with UnitedMasters to allow artists on TikTok to distribute their songs directly to streaming services and other partners directly. UnitedMasters is the un-record-label ...
  • 19
    Aug

    Google launches Kormo app in India to help people find entry-level jobs

    Google said on Wednesday it has expanded its jobs app, called Kormo Jobs, to India as the Search giant looks to offer a helping hand to millions looking for entry-level roles and further displace Microsoft’s LinkedIn relevance in the world’s second largest internet market. The company first launched Kormo Jobs in Bangladesh in 2018 and expanded it to Indonesia last year. Also ...