unitree robotics Chinese Robot Maker Unitree Reaches Unicorn Status With Major Tech Backing Unitree Robotics secures a US$1.3 billion valuation in a new funding round backed by ByteDance, Alibaba, and Tencent. The Hangzhou-based company earns global recognition as a top producer of quadruped and humanoid robots.
tiktok Congress Approves TikTok Ban, But Legal Battles Delay Immediate Impact Congress passes a bill forcing TikTok's parent company to sell the app or face a U.S. ban, but legal challenges are expected to delay enforcement for years. President Biden signs the legislation into law as the company prepares for a lengthy court battle.
eu EU Digital Markets Act Forces Tech Giants to Change Business Practices The European Union's Digital Markets Act officially applies to major tech companies deemed "gatekeepers" to ensure fairer competition. The regulation prevents these large platforms from abusing their market power and requires them to follow strict new rules.
digital markets act EU Digital Markets Act Forces Tech Giants to Change Business Practices The European Union's Digital Markets Act is now in effect, requiring major tech companies to stop anti-competitive practices. The regulation targets six large "gatekeeper" companies to ensure a fairer digital economy.
tiktok Trump Gives Conceptual Approval to Oracle-Walmart TikTok Partnership President Trump approves a new partnership in concept that involves Oracle and Walmart taking a combined stake in TikTok. The proposed deal aims to resolve U.S. national security concerns by moving all American user data to separate domestic clouds.
bytedance ByteDance Exploits Loophole to Spend Billions on Restricted Nvidia Chips TikTok parent ByteDance plans to spend $7 billion on Nvidia chips in 2025 by storing them in overseas data centers, bypassing U.S. export restrictions aimed at China.
tiktok Trump Urges Supreme Court to Halt Imminent TikTok Ban President-elect Donald Trump asks the Supreme Court to pause a law that would ban TikTok just one day before his inauguration. His legal team claims the timing interferes with his ability to negotiate a resolution to the national security concerns.
bytedance ByteDance Returns to $300 Billion Valuation Amid Shifting U.S. TikTok Ban Outlook TikTok parent company ByteDance values itself at $300 billion in a new share buyback offer, rebounding from a drop to $223 billion last year. This renewed confidence comes as the political landscape surrounding a potential U.S. ban on TikTok shifts following the recent election.
broadcom Broadcom and ByteDance Co-Develop 5nm AI Chip to Bypass Export Controls Broadcom and ByteDance are reportedly designing a 5nm AI processor that complies with U.S. export rules to secure a steady supply of high-end chips for ByteDance's algorithms. TSMC manufactures the chip, though production does not start this year.
bytedance ByteDance and Broadcom Collaborate on Custom AI Chip with TSMC ByteDance and Broadcom are partnering to design a custom artificial intelligence chip, with manufacturing handled by TSMC. This move helps ByteDance secure vital computing power while navigating strict US export restrictions.
tiktok Senate Approves Controversial TikTok Ban Bill Amid First Amendment Concerns The U.S. Senate passes a bill forcing ByteDance to sell TikTok or face a nationwide ban, paving the way for a major legal battle. President Biden confirms he will sign the legislation into law immediately.
tiktok Biden Signs Legislation Forcing TikTok Sale or U.S. Ban President Biden signs a bill requiring ByteDance to sell TikTok within nine months or face a U.S. ban. TikTok vows to challenge the law in court as unconstitutional.
tiktok Biden Prepares to Sign Landmark TikTok Divestment or Ban Legislation Congress sends a bill to President Biden that forces TikTok's Chinese parent company to sell the app or face a US ban. The president signs the measure into law, marking a historic move against foreign-owned social media.
tiktok Biden Signs Bill Forcing TikTok Sale or U.S. Ban President Biden signs a bill forcing ByteDance to sell TikTok within nine months or face a U.S. ban. The legislation passes with strong bipartisan support despite criticism over free speech concerns.
tiktok House Fast-Tracks TikTok Ban Bill Through Foreign Aid Package The House passes a bill forcing TikTok's Chinese owner to sell the app or face a U.S. ban by attaching it to a major foreign aid package. The legislation now moves to the Senate for a potential vote.