ByteDance Plans $23B AI Spending to Match US Rivals
📋 Key Facts ✓ ByteDance, TikTok's Chinese owner, plans a $23 billion AI spending initiative. ✓ The expenditure aims to build AI inf...
Dec 23Financial TimesTechnology
📋 Key Facts ✓ ByteDance, TikTok's Chinese owner, plans a $23 billion AI spending initiative. ✓ The expenditure aims to build AI inf...
📋 Key Facts ✓ Apollo is cutting risks to prepare for market turmoil. ✓ The firm is stockpiling cash reserves for liquidity. ...
📋 Key Facts ✓ The Department of Education removed the partial financial hardship requirement for IBR plans on December 22. ✓ Higher-inc...
📋 Key Facts ✓ Hong Kong Insurance Authority is proposing new capital rules. ✓ Rules include risk charges on crypto assets. ...
📋 Key Facts ✓ Paramount amended its WBD bid with a guarantee of Larry Ellison backing. ✓ The bid was not increased on Monday. ...
📋 Key Facts ✓ The Lucid Gravity is positioned as a potential ultimate luxury electric SUV. ✓ Frustrating software issues are currently ...
📋 Key Facts ✓ Strategy Inc. increased cash reserves to $2.19 billion by raising $748 million from 4.54 million Class A shares. ✓ Bitcoi...
📋 Key Facts ✓ Northern Data is majority-owned by Tether. ✓ Northern Data sold its Bitcoin mining arm. ✓ The buy...
📋 Key Facts ✓ Jillian Richardson is a 31-year-old executive ghostwriter based in Brooklyn. ✓ She helps leaders use humor to stand out o...
📋 Key Facts ✓ Elliott Hill became Nike's CEO in October 2024 after retiring in 2020. ✓ Nike's revenue declined 10% year over ye...
📋 Key Facts ✓ ByteDance plans 50% more global spending on incentives like bonuses and raises in 2026 for top performers. ✓ Bonuses incr...
📋 Key Facts ✓ Northern Data, backed by Tether, sold its bitcoin mining arm to companies run by Tether executives. ✓ The sale happened j...
📋 Key Facts ✓ Versions of Dubai chocolate are available in local bakeries and big chocolatiers just about everywhere. ✓ The dessert has...
📋 Key Facts ✓ Warner Bros. Discovery (WBD) shareholders must weigh pros and cons of tendering shares to Paramount. ✓ The tender offer i...