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TikTok has 15 minutes to fight for its life
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September 16, 2024
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TikTok has just 15 minutes in court to argue for its survival as it faces a US law that could lead to a nationwide ban, a pivotal moment for the app's future in the country. This brief hearing is critical, as the company is challenging a law that requires it to separate from its Chinese parent, ByteDance, to avoid being banned, with key provisions potentially taking effect in January. The outcome of this case could determine whether TikTok survives in the US or faces a forced sale, significantly impacting its 170 million American users and raising broader First Amendment concerns about digital free speech.
Intel was in contention with AMD to supply chips for Sony's next-generation PlayStation but ultimately lost the contract. Sony’s console business could have pumped roughly $30 billion into Intel over the course of the contract, according to Intel’s internal projections, two of the sources said. The loss of the PlayStation chip deal dealt a significant blow to Intel's foundry business, which seeks prominent clients for its advanced manufacturing processes.
Oracle co-founder Larry Ellison revealed he and Elon Musk begged Nvidia CEO Jensen Huang for more AI chips during a dinner meeting, citing high demand for graphics processing units. Ellison emphasized the urgency by repeatedly asking Nvidia to take more money, a plea which he said was successfully received during an Oracle investor event last week. Ellison's fortune has grown significantly as Oracle's cloud business thrives, with the company's shares rising almost 61% this year and indicating increased demand for Nvidia GPU clusters to support AI models.
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Other News
OpenAI, the AI firm, is likely to revamp its corporate structure amid talks of raising $6.5 billion at a $150 billion valuation. The restructuring, contingent on the removal of a profit cap for investors, will transition OpenAI from a nonprofit-controlled for-profit entity to a conventional for-profit model, addressing investor concerns.
Thierry Breton, the EU's internal market commissioner known for his tough stance on US tech companies, unexpectedly resigned, disrupting the upcoming cabinet announcement.
A recent widespread bug has caused Google Search app on Android to continually crash during attempted searches. All Android devices, including Google Pixel and Samsung Galaxy, are affected.
Scientists print 3D metal parts in space for the first time — a key ability for long-distance long-duration missions.
Copilot Pages is Microsoft’s new collaborative AI playground for businesses.
Google is funding an AI-powered satellite constellation that will spot wildfires faster.
Report reiterates 2nm chips for iPhone 17, but highlights the challenges.
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