Alphabet’s two big artificial intelligence labs, DeepMind and Google Brain, are setting aside longstanding rivalries to go after a common enemy, OpenAI, The Information reported . Employees from both labs are working together to develop software to rival OpenAI’s GPT-4, a large-language model that powers services such as ChatGPT, a chatbot that has become a hit. The two labs didn’t have much...
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TikTok’s Owner Generated Nearly $7 Billion in Cash From Operations in First Quarter
The cash machine of TikTok’s owner is getting bigger. ByteDance’s revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar year, according to detailed financial results viewed by The Information. But the company generated $6.8 billion in cash from operations in the period, an improvement from $5.8 billion in...
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