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TikTok owner shuts down major part of company

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Beijing-based online giant, ByteDance has laid off hundreds of employees as it struggles to cope with China’s latest round of big-tech regulations

TikTok logo is seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on November 13, 2019. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

The owner of TikTok ByteDance had to shut down a significant portion of its online education sector in order to comply with the nation’s new laws.

Another company called GoGo Kid will be forced to shut down completely, as China’s government moves in on the $100 billion industry.

The new regulations include a ban on private companies from teaching children how to earn profits and even raise capital…

In addition to this, the industry is not allowed to hire foreigners or teach school content to children.

The newly imposed regulations sparked widespread market concerns and triggered a $1 trillion wipeout from Chinese equities.

TikTok rival plummets 15 per cent

Kuaishou Technology fell the most on record after a post-listing lockup on sales of its shares expired.

The company has fallen more than 15% in Hong Kong, the most since a February listing.

The stock is now down more than 20% from its listing price.

 A six-month lockup period on the TikTok rival expired yesterday allowing some of the video giant’s backers to finally dump their stock.

This all comes after the company shut down Zynn, a video sharing-app, marking an end to the failed attempt to challenge TikTok.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Hollywood agencies criticise OpenAI’s Sora for exploitation

Hollywood agencies criticise OpenAI’s Sora for exploiting creators and infringing intellectual property rights amid rising concerns over AI usage

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Hollywood agencies criticise OpenAI’s Sora for exploiting creators and infringing intellectual property rights amid rising concerns over AI usage

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In Short:
– Top talent agencies, including CAA and UTA, oppose OpenAI’s Sora over client rights and copyright risks.
– Disney and others demand immediate action from OpenAI to address copyright infringements related to Sora.

Top Hollywood talent agencies have expressed strong opposition to OpenAI’s new video creation app, Sora. The Creative Artists Agency (CAA) voiced concerns about significant risks to their clients and intellectual property rights.CAA represents high-profile clients such as Doja Cat and Scarlett Johansson. The agency questioned OpenAI’s commitment to compensating creators for their work, suggesting that their practices might ignore global copyright principles.

They stated, “Control, permission for use, and compensation is a fundamental right of these workers.”

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United Talent Agency (UTA) echoed similar sentiments, labelling Sora’s actions as “exploitation, not innovation.” UTA reinforced that human talent is irreplaceable and affirmed its commitment to defending its clients’ rights. OpenAI has indicated it will implement measures to limit the generation of well-known characters and enhance control for rightsholders.

Industry Response

The memo from WME instructed agents to ensure that all clients are opted out of the latest Sora updates. Disney also took a firm stance, clarifying it had not granted OpenAI permission to use its copyrighted content.

The Motion Picture Association urged immediate action from OpenAI to address copyright infringements related to Sora.

Concerns over generative AI’s impact on copyright have surged within the entertainment industry.

Major companies like Universal and Disney have already pursued legal action against other AI firms over similar issues, highlighting a growing fear regarding the protection of intellectual property.


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OpenAI, Jony Ive’s AI device faces significant delays

OpenAI and Jony Ive’s AI device faces significant delays due to technical and infrastructure challenges ahead of its launch

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OpenAI and Jony Ive’s AI device faces significant delays due to technical and infrastructure challenges ahead of its launch

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In Short:
– OpenAI and Jony Ive face significant challenges for their AI device, delaying its launch to 2026.
– Technical issues include computing power shortages and difficulties defining the AI’s personality and behaviour.
OpenAI and Jony Ive’s collaboration on an AI device is facing significant technical challenges, leading to potential delays in its launch.
The partnership began after OpenAI’s acquisition of Ive’s design studio, io, for $6.5 billion. The current target for release is set for 2026.Banner

The primary obstacle is the need for adequate computing power for widespread deployment. Insiders revealed that OpenAI is struggling to secure enough compute resources for current applications, let alone the device design focused on continuous interaction.

Compute Issues

Development teams are also navigating challenges in defining the AI’s personality and behaviour.

Creating an assistant that is both engaging and appropriately responsive has proven difficult, as the design aims to foster a friendly interaction style without veering into overly chatty or insincere exchanges.

Legal issues add to the complications, including a trademark dispute with audio startup Iyo, resulting in the removal of “io” branding from promotional materials. Manufacturing is ongoing, with partnerships established, including with Chinese company Luxshare.

As OpenAI prepares for the upcoming DevDay 2025 conference, the company is under pressure to showcase progress, especially as competitors like Apple and Google advance their AI projects.

The focus remains on overcoming existing hurdles while optimising development strategies for the future of AI devices.


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Indonesia lifts TikTok suspension after compliance with requests

Indonesia swiftly reinstates TikTok’s licence after compliance with data-sharing demands regarding August protests

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Indonesia swiftly reinstates TikTok’s licence after compliance with data-sharing demands regarding August protests

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In Short:
– Indonesia lifted TikTok’s suspension after it provided required protest-related data to the government.
– The incident underscores increasing tensions between Southeast Asian governments and tech companies over data transparency.
Indonesia has lifted TikTok’s operating license suspension on October 4, one day after imposing the penalty. The decision followed TikTok’s compliance with government demands for data related to protests in August.The rapid resolution illustrates rising tensions between Southeast Asian governments and global tech companies regarding data transparency during politically sensitive events.

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Indonesia’s Ministry of Communication and Digital Affairs confirmed that TikTok submitted necessary data on livestream traffic and monetisation during the protests occurring between August 25 and 30, 2025. This submission occurred on the same day of the suspension announcement, restoring TikTok’s registration as an electronic system operator.

The suspension was initially triggered by TikTok’s partial data submission by a September 23 deadline, citing internal privacy constraints on full compliance.

Regulatory Context

The data dispute arose amid violent demonstrations in late August, protesting excessive lawmakers’ allowances and police brutality, particularly following the death of a motorcycle taxi driver on August 28. Authorities found accounts allegedly linked to illegal gambling using TikTok’s livestream feature, prompting TikTok to suspend this function temporarily.

The incident highlights Indonesia’s assertive stance on tech regulation, particularly given its significance as TikTok’s second-largest market globally. The platform has faced various regulatory challenges in Indonesia, including a recent $900,000 antitrust fine for late notification regarding its Tokopedia acquisition.

Despite the suspension, TikTok remained accessible throughout the regulatory process, stating its commitment to comply with local laws.


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