Technology

Galbot may seek a valuation of between US$3 billion and US$4 billion in the IPO, one source said.

Remember back in September when President Donald Trump signed an executive order that seemingly finalized some of the terms of a deal to spin off TikTok’s US business? Three months later, that same deal is apparently one step closer to being official. According to Bloomberg, TikTok CEO Shou Chew told employees that TikTok and ByteDance…

TikTok has finalized the deal to sell its US business, according to reports from Axios, The Hollywood Reporter, and CNBC. They report that a memo from TikTok CEO Shou Zi Chew to employees on Thursday said the deal will close on January 22nd, with Oracle, Silver Lake, and Abu Dhabi’s MGX owning 45 percent of…

Building an enterprise AI company on a “foundation of shifting sand” is the central challenge for founders today, according to the leadership at Palona AI. Today, the Palo Alto-based startup—led by former Google and Meta engineering veterans—is making a decisive vertical push into the restaurant and hospitality space with today’s launch of Palona Vision and…

Bitcoin investors are bracing for “Witching Friday” tomorrow, December 18, when billions of options are due to expire—making for what could be a highly volatile, roller-coaster ride at the end of the week for the markets. Some $23 billion in contracts are set to expire just on Deribit, the largest Bitcoin exchange, according to Bloomberg. Here’s what…

App developers looking to launch their programs in ChatGPT can now submit them for review and potential publication, OpenAI said Wednesday. The company also introduced a new app directory within Chat’s tools menu that has swiftly been dubbed an “app store.”  In October, the company announced the arrival of apps in its chatbot, explaining that the…

This would be Rapidus’ first major private-sector loan, with details still under discussion.

Trump media, the company behind the president’s personal social media platform Truth Social, is inexplicably merging with a Google-backed fusion energy company called TAE Technologies. The deal is worth $6 billion, . Why is an entity known for publishing frenzied hot takes by the president at 3AM combining with a fusion energy company? Who the…

Netflix is bringing ESPN host Elle Duncan onboard to become the voice of its growing roster of live events. Duncan, who has appeared on SportsCenter, College GameDay, and WNBA Countdown, will make her debut on Netflix with next year’s Skyscraper Live broadcast. During the livestream, free solo climber Alex Honnold will attempt to ascend the…

OpenAI has begun accepting submissions from third-party developers for their apps to be accessible directly in ChatGPT, and has launched a new App Directory (don’t call it a “store”!) that can be opened from the ChatGPT sidebar and at the URL chatgpt.com/apps. This means the 800 million+ users of OpenAI’s hit chatbot can search for,…