TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S
Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. received President Joe Biden’s official signoff Wednesday. But the newly minted law could be in for an uphill battle in court.
Critics of the sell-or-be-banned ultima
President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024.
On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology’s plans to build a campus of computer chip factories
Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here.
The generative AI winter, part two
The threat of a new “AI winter” may dominate the AI conversation in the latter half of 2024.
While not as high-profile as the Reddit IPO, another tech company is going public today, and it’s got a powerful backer. Cybersecurity firm Rubrik, Inc. will hold its initial public offering in a further sign that the tech IPO market is bouncing back after several lackluster years during which investors seemed to have lost their appetite for tech stock public offerings. Here’s what you need to kno
DoNotPay is paying investors.
The company offers a paid subscription for AI and other software tools to help consumers negotiate their cable bills, contest parking tickets, and otherwise minimize their bills and maximize privacy.
It’s now profitable, with more than 200,000 subscribers, says CEO and founder Joshua Browder, and it recently paid its first dividend totaling more than $1 million to shareholders including in
The recent Bitcoin halving has put a spotlight on the popular cryptocurrency—and raised new questions about the environmental footprint of the crypto world.
Mining popular digital currencies demands a tremendous amount of energy, and the reduced supply of Bitcoin will spur operations that are centered on that goal to work even harder. That has environmentalists (and
Many companies dream of dominating the era of artificial intelligence. But hardly any can flip a switch and instantly put their AI in front of the eyeballs of a meaningful percentage of humanity. One of the few that can is Meta, which reaches nearly 4 billion people a month via Facebook, WhatsApp, Instagram, and Messenger.
Before I delve into what it’s doing with that vast platform, some Fast Company tech stories you might not have read yet:
The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature.
In India, the app was
Earlier this month, Elon Musk sent a memo to Tesla employees announcing that the EV maker would cut “more than 10%” of its global workforce in order to help the company prepare for its next phase of growth. That reduction meant Tesla would let go of at least 14,000 of its 140,000-strong workforce. But as Tesla employs workers in numerous states and countries around the world, it wasn’t known