Month: April 2024

ByteDance would shut down TikTok in US rather than sell it, sources say

App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikely ByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said. The …

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Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter

World’s largest public company reports $61.86bn revenue after investing billions into artificial intelligence Profits at Microsoft beat Wall Street’s expectations as its heavy bets on artificial intelligence and gaming continued to bear fruit in the second quarter. The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth. Continue …

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Alphabet revenue rises amid AI push and staff turmoil

Company beat Wall Street expectations and posted a revenue of $80.5bn, up 15% since last year, after internal and external unrest Google’s push to integrate artificial intelligence into all of its offerings – both consumer-facing products like Google Docs and enterprise products – is boosting investors’ confidence. Google’s parent company, Alphabet, reported earnings that exceeded …

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Meta value falls $190bn as investors react to plan to increase spending on AI

Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products Business live – latest updates Shares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off the value of the Facebook and Instagram parent company, as investors reacted to a …

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‘Must love dogs and rude roommates’: the scramble to get around New York’s Airbnb crackdown

Strict rules have led to a wild west of rentals, with visitors choosing between huge hotel bills or word-of-mouth deals Until recently, visitors to New York basically had two options: hotel rooms or short-term rental platforms like Airbnb. But in September 2023, the city started enforcing a 2022 law that banned people from renting their …

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The reality show that duped women into falling for a fake Prince Harry

TV journalist Scott Bryan looks back at the making of I Wanna Marry “Harry” – and the dubious ethics behind the show. Plus: five of the best podcasts hosted by pop stars • Don’t get Hear Here delivered to your inbox? Sign up here The wild, format-pushing and often skin-crawling world of early 00s reality …

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‘Can you steal back something that’s already stolen?’: how radical art duo Looty repatriated the Rosetta Stone

Tired of colonial artefacts being hoarded, Chidi Nwaubani and Ahmed Abokor use tech to redistribute them from museums in audacious digital heists In March last year, two men in tracksuits, wearing hockey masks and carrying matching laundry bags, headed for the British Museum. Just outside, patrolling police asked the two strange-looking men where they were …

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Meta says revenue will be weak as it spends even more on AI

Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share …

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TikTok reward-to-watch feature suspended after EU threats to block it

Service suspended in France and Spain amid safety and addiction concerns among children, in first use of new digital laws A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the company shortly after the EU threatened to block it amid fears of addiction among children. On Monday the …

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