Techmeme
January 23, 2026, 1:15 PM

Top News

New York Times:
ByteDance strikes a deal with a group of non-Chinese investors to create a new TikTok US entity and avoid a federal ban, concluding a six-year legal saga  —  TikTok said on Thursday that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S. TikTok …
Jonathan Vanian / CNBC:
Adam Presser, previously TikTok's head of operations and trust and safety, will be the CEO of TikTok USDS Joint Venture; TikTok CEO Shou Chew will be a director  —  TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the U.S. under the leadership of an American executive.
Financial Times:
TikTok's new majority US-owned JV includes investors Oracle, Silver Lake, and Abu Dhabi's MGX, each holding 15%, and Dell Family Office; ByteDance retains 19.9%  —  Video app sets up American unit to handle data and algorithm security  —  TikTok has established a US data security unit …
Sara Fischer / Axios:
Suvashree Ghosh / Bloomberg:
R&D firm Merkle, which sold Farcaster, says it plans to repay VCs the $180M they invested in the social media project, and says Farcaster is not shutting down  —  The software firm behind a crypto-oriented social-media platform plans to repay venture capitalists the $180 million …
Reuters:
Intel says it struggled to satisfy demand for its server chips used in AI data centers, and forecasts Q1 2026 revenue and profit below market estimates  —  Intel (INTC.O) said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue …
Kif Leswing / CNBC:
Allie Garfinkle / Fortune:
Cubby, which makes software for self-storage operators, raised a $63M Series A led by Growth Equity at Goldman Sachs Alternatives  —  Senior Finance Reporter And Author Of Term Sheet  —  Wild things happen in the self-storage business.  —  In 2023, Matt Engfer was at back-to-back lien auctions in Texas.
Greg Bensinger / Reuters:
Sources: Amazon is planning a second round of job cuts next week as part of its goal of trimming 30,000 corporate workers, after cutting 14,000 jobs in October  —  Amazon (AMZN.O) is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers …
Bloomberg:
Sources: UBS plans to make cryptocurrency investing available for some private banking clients in Switzerland, starting with bitcoin and ether  —  UBS Group AG plans to make cryptocurrency investing available for some private banking clients, in what could become a significant move …
Lee Chong Ming / Business Insider:
Sam Altman says OpenAI added more than $1B in annual recurring revenue in the past month “just from our API business”  —  - OpenAI has made more than $1 billion a month from something other than ChatGPT.  — That revenue comes “just from our API business,” Sam Altman said.
X: @sama

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Earlier Picks

Kyle Baird / The Block:
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