{
}
Oracle is exploring a proposal to address US security concerns regarding TikTok, which includes providing data security assurances and potentially acquiring a small stake in a new American entity. While TikTok's algorithm would remain under ByteDance's control, this may ease Chinese approval but raises compliance issues in the US. The plan requires approval from the Trump administration, ByteDance, and Chinese authorities, as Oracle collaborates with US buyers to prevent Chinese government access to user data.
Bakkt Holdings faces a significant setback as Bank of America and Webull announce they will not renew their agreements, jeopardizing 16% and 74% of its revenue streams, respectively. The company, heavily reliant on these partnerships, is under pressure to find new clients or pivot its business model amid a declining share price and regulatory uncertainties in the crypto landscape. Bakkt's future remains uncertain as it navigates these challenges while the institutional crypto ecosystem grows increasingly competitive.
Elon Musk's AI company, xAI, has acquired Hotshot, a San Francisco-based startup specializing in AI-powered video generation tools. Hotshot's CEO, Aakash Sastry, announced the acquisition, highlighting the startup's development of three video foundation models and its plans to scale efforts using xAI's resources.The acquisition suggests xAI's intention to compete in the video generation space, potentially enhancing its Grok chatbot platform with new capabilities. Hotshot will cease new video creation by March 14, with existing customers given until March 30 to download their content.
US Vice President JD Vance anticipates a deal for TikTok's sale in the US by April 5, aiming for a "distinct American TikTok enterprise." The platform's future hinges on a bipartisan mandate for ByteDance to divest or face a ban, with negotiations ongoing with several unidentified bidders. Potential buyers include Reid Rasner, Alexis Ohanian, and Frank McCourt, while the administration prioritizes data privacy and national security.
US Vice President JD Vance anticipates a deal for TikTok's sale in the US by April 5, aiming for a "distinct American TikTok enterprise." The platform's future hinges on a bipartisan mandate for ByteDance to divest or face a ban, with negotiations ongoing with several unidentified bidders. Potential buyers include Reid Rasner, Alexis Ohanian, and Frank McCourt, while the administration emphasizes data privacy and national security in the discussions.
Thailand's fintech sector struggles to produce unicorns due to a lack of venture capital and the dominance of major banks that have heavily invested in digitalization, limiting opportunities for startups. Foreign investment remains challenging due to market size and competition from corporate venture capitalists. Meanwhile, Grab has acquired Eastern Grocer, expanding its footprint in Malaysia's premium grocery retail market.
Alexis Ohanian, co-founder of Reddit, has joined Frank McCourt's "Project Liberty" as a strategic adviser in the bid to acquire TikTok's US operations. The initiative emphasizes user data control and privacy, amid a 75-day deadline from the US government for ByteDance to divest. Other bidders include YouTube star MrBeast and businessman Reid Rasner, while ByteDance has yet to clarify valuation terms or secure a banker.
Qatar has positioned itself as a global startup hub, highlighted by the Web Summit 2025, which attracted over 25,000 attendees from 124 countries. The event featured 1,520 startups, 723 investors, and 381 speakers, with a notable 47% of startups founded by women. Qatar's Prime Minister emphasized the nation's economic shift towards private sector growth, particularly in fintech and climate technologies.
Alexis Ohanian
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Oracle proposes plan to address TikTok security concerns in the US
03:30 19.03.2025
bakkt faces challenges as major partners withdraw from agreements
United States Dollar
Revolution Medicines, Inc.
PayPal Holdings, Inc.
Oracle AI USD
Visa Inc.
Intercontinental Exchange, Inc.
Bank of America Corporation
USA
Jesse Tinsley
Donald Trump
MrBeast
Frank McCourt
Brian Moynihan
Alexis Ohanian
Miles Paschini
JD Vance
Show more
19:26 18.03.2025
xAI acquires generative video startup Hotshot to enhance AI capabilities
19:29 17.03.2025
US Vice President anticipates TikTok sale agreement by early April
03:00 16.03.2025
Vice President Vance anticipates TikTok sale agreement by early April
03:00 16.03.2025
thai fintech sector struggles to produce unicorns amid banking dominance
10:30 05.03.2025
alexis ohanian joins bid for tiktok us operations amid national security concerns
03:20 04.03.2025
qatar hosts web summit 2025 showcasing global startup innovation and talent
Qatari Riyal
QAT
Mohammed bin Abdulrahman bin Jassim Al Thani
Malcolm Gladwell
Will Smith
Alexis Ohanian
Paddy Cosgrave
Alexandr Wang
Show more
13:24 25.02.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Global Trade Developments
Global Financial Events
Domestic Politics
Retail and Consumer Goods
Central Bank Actions
CEO Changes
Government Policies
Market Analysis and Predictions
Startups & Entrepreneurship
Workplace Trends
Elections & Campaigns
Government Economic Policies
Inflation and Monetary Impact
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
Apple Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
UBS Group AG
Banco Santander, S.A.
CREDIT AGRICOLE
Amazon.com, Inc.
Berkshire Hathaway Inc.
Credit Agricole
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Canadian Dollar
Australian Dollar
Offshore Chinese Yuan
Hong Kong Dollar
Singapore Dollar
Mexican Peso
Vietnamese Đồng
Indonesian Rupiah
Thai Baht
Norwegian Krone
Swedish Krona
Filipino Peso
People: