TikTok’s parent company, ByteDance, has resumed negotiations with the Biden Administration, months after those negotiations fell apart amid demands from the Committee on Foreign Investment in the United States that ByteDance sell TikTok, The Washington Post reported on Friday. The new talks center on the progress the company has made to implement Project Texas, TikTok’s plan intended to...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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