ByteDance launches Volcano Engine brand to offer TikTok ‘secret’ to businesses
ByteDance launched its new Volcano Engine brand to offer the proprietary algorithm used to power TikTok’s personalized recommendations to more corporate clients. This is because the company seeks to expand beyond mainstay consumer products. Algorithm is the secret behind TikTok’s global success. It was one of the focal points when China’s ByteDance was forced into […]
Pinterest courts Gen Z by giving users a choice of gender pronouns
Image sharing platform Pinterest will let its 475 million regular users choose their own gender pronouns from a list of nine options, following similar moves by other social media networks. This site basically allows users to pin or save pictures, GIFs or videos to curated pinboards. The company announced that this change reflected a sharp […]
Spotlight on Xbox Game pass as Microsoft showcases upcoming games
Microsoft showcased 30 upcoming games. In that most of those titles will be available on its monthly subscription service, Xbox Game Pass. The company said it would launch new games on Game Pass every month through the end of the year. That includes titles such as PC strategy series “Age of Empires IV” and racing […]
China to launch high stakes crewed mission to space
China had sent three astronauts into orbit in a high-stakes mission. In that the first of four crewed space flights to complete the country’s space station by the end of next year. China will launch Nie Haisheng, Liu Boming and Tang Hongbo into orbit aboard the spacecraft Shenzhou-12 at 9:22 a.m. (0122 GMT) on June […]
Stanchart unit to launch cryptocurrency trading platform
A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe. The bank said that this targets the institutional clients. The new exchange will be created by a joint venture between SC Ventures, the bank’s innovation arm, and BC Technology Group. This operates Hong Kong-licensed cryptocurrency exchange OSL. StanChart […]
ETSY eyes Gen-Z shoppers with $1.63 BLN deal for fashion reseller depop
Etsy Inc said it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing. Etsy came into the world’s best-known e-commerce platforms for handmade goods and vintage items after this pandemic. Estimates the U.S. second-hand clothing market […]
Daimler to pay Nokia patent fees, ending German legal spat
Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies. Every year in licensing revenues, Nokia makes 1.4 billion euros ($1.7 billion). Carmaker Daimler had sued each other in German courts in recent years, with mixed results. Tech firms want automakers […]
White House warns companies to setup cybersecurity
The White House warned corporate executives and business leaders to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a meatpacking company and a southeastern oil pipeline. The ransomware attack has been significantly increased in recent days, said Anne Neuberger, cybersecurity adviser at the National Security Council. As the threats are […]
Apple adds virtual IDs on iPhone, video plans that rival Zoom, Teams
Apple Inc, facing accusations from rivals that it has too much control over its App Store. They outlined plans to increase user privacy and keep consumer data out of other company’s hands, laying out features including expanded video conferencing and storing virtual government IDs on iPhones. In Apple’s annual Worldwide Developers Conference for software developers, the […]
Nvidia asks Chinese regulators to approve $40 Billion Arm Deal
Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported, citing people familiar with the matter. In the recent week only, the applications were made. According to Chinese antitrust lawyers, this has set in motion a period of scrutiny that could […]