Tech
TikTok owner shuts down major part of company
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
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.
Tech
Ariane 64 takes flight carrying Amazon’s broadband satellites
Ariane 64’s maiden launch from French Guiana carries 32 Amazon satellites, starting 18 missions to enhance global broadband access.
Ariane 64’s maiden launch from French Guiana carries 32 Amazon satellites, starting 18 missions to enhance global broadband access.
Europe is entering a new spaceflight era as the Ariane 64 prepares for its maiden launch from French Guiana. The rocket, the most powerful ever developed in Europe, features four boosters and is capable of delivering more than 20 tonnes into low Earth orbit.
The launch window opens at 4:45 p.m. UTC and closes at 5:13 p.m. UTC, with the mission expected to last one hour and 54 minutes. During the flight, satellites will be deployed in pairs, marking a critical technical milestone for Europe’s space ambitions.
This first flight is a major test for the Ariane 6 program, setting the tone for future commercial and institutional launches from Europe’s space sector.
#SpaceLaunch #Ariane6 #AmazonSatellites #LEO #SpaceTech #BroadbandFromSpace #RocketScience #TickerNews
Tech
SpaceX shifts focus to Moon with ambitious Lunar City plans
Elon Musk shifts SpaceX focus from Mars to a 2027 Moon landing, merging with xAI for AI satellite networks.
Elon Musk shifts SpaceX focus from Mars to a 2027 Moon landing, merging with xAI for AI satellite networks.
Elon Musk has set his sights closer to home—literally. SpaceX is now prioritizing the creation of a self-sustaining city on the Moon within the next decade. The ambitious plan marks a major shift from previous Mars-focused strategies, aiming for an uncrewed Starship landing as early as 2027 to support NASA’s Artemis program.
This pivot comes as SpaceX merges with Musk’s xAI, combining the companies into a massive $1.25 trillion valuation. Musk believes the Moon offers practical advantages for launches, making it a more strategic stepping stone for humanity’s future in space.
Alongside lunar ambitions, SpaceX is also developing satellite networks to back AI technologies in orbit. Despite the excitement, NASA’s Artemis program has faced delays, pushing the first crewed lunar flight to March due to technical issues.
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Tech
Claude AI is transforming software engineering and productivity
Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.
Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.
Anthropic has confirmed that its AI, Claude, now handles almost all coding tasks at the company. Engineers are shifting from writing code to oversight and planning, marking a major change in how software development teams operate.
Users report a productivity boost of 50 percent since implementing Claude, highlighting the potential of AI to reshape workflows and day-to-day operations. The shift raises questions about the balance between human oversight and automated code generation.
The move has also affected markets, with shares of Indian IT services companies falling as investors assess the impact on traditional tech roles. Industry leaders stress that while AI can generate code, human input remains crucial for design, review, and strategic decision-making.
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