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TikTok Deal With Oracle, Walmart Still on Hold

By
Wendy Pollack
· · Source: The Wall Street Journal

A plan to sell TikTok’s U.S. operations to Oracle and Walmart remains on hold while the Biden administration conducts its own review of the arrangement engineered during the last months of Donald Trump’s presidency. Trump had encouraged the sale of the Chinese-owned video-sharing app to address potential security concerns, and threatened to ban the app in the U.S. But court challenges and the...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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Y Combinator’s Garry Tan Goes to the Mat
By Kate Clark
Garry Tan was in his happy place. Surrounded by food trucks and techies basking in San Francisco’s September sun, the CEO of Y Combinator snapped selfies with entrepreneurs as he meandered through a crowd of 2,700 attendees at the startup accelerator’s annual alumni event.
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