| Bloomberg: |
The Trump administration's $14B valuation of TikTok's US business falls well below previous estimates of around $40B, considered a bargain by investors — The $14 billion valuation that the Trump administration has estimated for TikTok's US business falls well below projections … | Dylan Butts / CNBC: |
China and its media are quiet about the TikTok deal, a notable silence as China can still decide the app's fate; Chinese social media chatter has been limited — Following U.S. President Donald Trump's approval of a deal that could keep TikTok alive in the U.S. on Thursday … | Bloomberg: |
Sources: ByteDance may get ~50% of TikTok US' overall profit, including a licensing fee of 20% of revenue, despite selling majority ownership to US investors — TikTok's Chinese parent company will likely get about half of the profit from the platform's US operation even after it sells majority ownership … | Associated Press: |
Trump signs an EO declaring that a proposed deal allowing TikTok to continue operating in the US will be a qualified sale that meets national security concerns — President Donald Trump signed an executive order Thursday that he says will allow TikTok to continue operating in the United States … | Jonathan Vanian / CNBC: |
| Kate Whannel / BBC: |
The UK unveils plans for a digital ID, which will be required to work in the country, to combat illegal immigration; the ID will be stored on people's phones — Digital ID will be mandatory in order to work in the UK, as part of plans to tackle illegal migration.| Bloomberg: |
Meta plans to launch paid, ad-free versions of Instagram and Facebook in the UK, each costing £2.99 per month on the web, and £3.99 on iOS and Android — Meta Platforms Inc. will soon offer paid versions of Facebook and Instagram in the UK that will remove advertising from both platforms.| Sean Hollister / The Verge: |
Microsoft and Asus open preorders for the first Xbox handhelds, the ROG Xbox Ally for $599 and the ROG Xbox Ally X for $999 in the US, shipping October 16 — Xbox Ally X and Xbox Ally go on sale with PC-like prices, with preorders starting today. … Today, Microsoft and Asus … | Amrith Ramkumar / Wall Street Journal: |
Sources: Trump administration is considering requiring chipmakers to produce as many chips in the US as they import, with tariffs on those who fail to comply — Administration wants domestic manufacturing to match imports and would impose tariffs on those companies that don't step up production| MacKenzie Sigalos / CNBC: |
Anthropic plans to triple its global workforce and expand its applied AI team 5x in 2025, after growing its business clients from ~1K to 300K+ in two years — Anthropic is stepping up its global enterprise ambitions. — The $183 billion artificial intelligence startup has grown … | Frederic Lardinois / The New Stack: |
Microsoft launches Microsoft Marketplace, combining Azure Marketplace and Microsoft AppSource in a single destination for cloud tools and AI apps and agents — Microsoft has long offered a variety of marketplaces for businesses in its ecosystem. For cloud solutions, there is the Azure Marketplace … | Juby Babu / Reuters: |
Meta rolls out Vibes, a platform where users can create and share short-form, AI-generated videos, in the Meta AI app and on the meta.ai website — Meta Platforms (META.O) launched a new feed of AI videos, called Vibes, as the social media giant looks to fast-track work on artificial intelligence technology.| The Guardian: |
UK-based Kido nursery chain was hacked by a ransomware gang called Radiant, which posted profiles of 10 children online and threatens to release more data — Criminals calling themselves Radiant say they will post additional private data online unless they are paid| Kathleen Steele Gaivin / McKnight's Senior Living: |
Inspiren, which provides AI-powered fall detection and other tech for senior living facilities, raised a $100M Series B, bringing its total funding to $155M — Inspiren has raised $100 million in Series B funding, the healthcare technology company announced today.| Michael Nuñez / Venturebeat: |
Perplexity launches Search API, giving developers direct access to the same web index that powers the startup's answer engine — Perplexity AI launched a comprehensive search application programming interface on Thursday, giving developers direct access to the same massive web index that powers … | Joice Alves / Reuters: |
A look at the use of tools like ChatGPT by retail investors to pick stocks, fueling a robo-advisory market boom, as experts warn of solely relying on AI — - Robo-advisory market projected to grow 600% by 2029 — Half of retail investors open to using AI tools, survey finds| Jennifer Maas / Variety: |
Nintendo of America President Doug Bowser will retire on December 31 after more than a decade with the company; Nintendo exec Devon Pritchard will succeed him — Nintendo of America president Doug Bowser will retire Dec. 31 after more than a decade at the company.| Aisha S Gani / Bloomberg: |
Checkout.com announces an employee share buyback at a $12B valuation, up 30% from $9.35B two years ago yet below $40B in 2022, and says an IPO isn't a priority — Checkout.com is allowing employees to sell some of their shares back to the firm at a $12 billion valuation … | Sergiu Gatlan / BleepingComputer: |
CISA issues an emergency directive ordering US federal agencies to secure their Cisco firewall devices against two flaws exploited in zero-day attacks — CISA has issued a new emergency directive ordering U.S. federal agencies to secure their Cisco firewall devices against two flaws that have been exploited in zero-day attacks.| Vicky Ge Huang / Wall Street Journal: |
Sources: US regulators examined 200+ companies about sharp share-price gains in the lead-up to their announcements about making buying crypto a core strategy — SEC, Finra reach out to companies whose shares moved sharply before they announced plans to buy bitcoin, other digital assets| Jacob Judah / MIT Technology Review: |
How inaccurate AI translations of Wikipedia pages, which AI models use for training, may cause a doom spiral that further marginalizes vulnerable languages — When Kenneth Wehr started managing the Greenlandic-language version of Wikipedia four years ago, his first act was to delete almost everything.
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