The entrepreneur behind TikTok and Douyin is now the richest person in Asia—and AI is helping fuel his rise to the top. Zhang Yiming, the founder of TikTok parent company ByteDance, has just overtaken Indian tycoon Gautam Adani as the richest person in Asia, according to Bloomberg, who currently boasts a net worth of $104.8
Sam Altman, the billionaire CEO of OpenAI, spends his days at the center of the AI revolution—but when it comes time to unwind, he’s just like millions of Americans who enjoy scrolling through TikTok before bed. “I happen to like short-form video,” Altman said this week in conversation with Salesforce CEO Marc Benioff. “I happen
For nearly three decades, 59-year-old Eileen Munoz spent her workdays in a cubicle. To her, the tiny confined desk came to represent everything she felt about her 9-to-5 career in insurance: stuck. The most she ever made in a year was $70,000, and she eventually became so burnt out that she would cry on Sundays
Meta has agreed to pay up to US$17 billion over 10 years to settle claims brought by a bipartisan coalition of state attorneys general. The states argued that the company deliberately designed Facebook and Instagram to hook children into using its apps, misled the public about the harm and improperly collected data from children under
Meta is not actually committing to pay the $17.1 billion figure attached to this week’s child safety settlement, at least not on its own. California Attorney General Rob Bonta, whose office led the case, put the settlement at “up to $17 billion,” saying Meta “must make massive transformations that will reduce the risk of harm
The US Department of Justice announced on Friday that TikTok will pay $400 million to settle a lawsuit filed in 2024 over allegedly violating the Children’s Online Privacy Protection Act (COPPA). In the lawsuit, the DOJ alleged that TikTok collected data from children without notifying parents or obtaining consent and did not delete the accounts