Europe is forging ahead with its crackdown on Big Tech, levying fines on Alphabet's Google and Elon Musk's X and opening new investigations, asserting its sovereign right to enforce ​its laws in defiance of U.

According to Bloomberg, TikTok owner ByteDance is allegedly in talks to sell gaming studio Shanghai Moonton Technology Co. to Saudi Arabia-based Savvy Games Group. The discussions are similar to those reported by the Chinese tech company regarding the sale of the maker of the Mobile Legends: Bang Bang game (MLBB).

OpenAI could now be the world's most valuable startup, ahead of Elon Musk's SpaceX and TikTok's parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker. Current and former OpenAI employees sold $6.6 billion ...

Capital Today on Wednesday won out over several other interested parties to acquire equity from Bank of China Group Investment Ltd, an early institutional investor in ByteDance.

(Reuters) -Elon Musk on Friday said that xAI is not raising capital right now, following a CNBC report earlier in the day on the AI firm raising $10 billion at a post-money valuation of $200 billion. "Fake news. xAI is not raising any capital right now ...