The hit video app TikTok said Friday that an executive at its Chinese parent company, ByteDance, will now also serve as TikTok CEO. The new CEO, Shouzi Chew, is the chief financial officer of ByteDance. He is based in Singapore, where TikTok has an office. Vanessa Pappas, based in Los Angeles, has been interim head […]
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The WNBA signed a multiyear deal with Google on Monday to be the presenting partner for the league’s playoffs, part of the technology giant’s efforts to help champion women’s sports. Twenty-five WNBA games will be televised on ABC and ESPN in celebration of the league’s 25th season, with Google as the presenting sponsor. The league […]
Intel will be investing $3.5 billion in its New Mexico plant to manufacture what executives said Monday will fuel “a new era of innovation” and advanced computing as demands increase for the tiny microchips used in nearly all modern devices. Intel executives were joined by Gov. Michelle Lujan Grisham and other politicians at the plant […]
Missing out on Thin Mints in the pandemic? A Google affiliate is using drones to deliver Girl Scout cookies to people’s doorsteps in a Virginia community. The town of Christiansburg has been a testing ground for commercial delivery drones operated by Wing, a subsidiary of Google’s corporate parent Alphabet. Now the company is adding the […]
Facebook’s stock jumped Wednesday into record territory after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue. CEO Mark Zuckerberg said the extra money means the company will invest more in new areas of potential growth — including augmented and virtual reality, commerce, business messaging and content creators, […]
DoorDash is launching lower-priced delivery options for U.S. restaurants, responding to criticism that the commissions it charges are too high for the beleaguered industry. The San Francisco delivery company said Tuesday it will offer a new basic plan that will charge restaurants 15% per order for delivery, or around half the cost of previous plans. […]
Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic. The South Korean tech giant also said its quarterly revenue of 65.39 trillion won ($59 billion) was its highest for the […]
Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved. Sales declined 16.5% from a year earlier to 152.2 billion yuan ($23.5 billion) due in part to lower revenue for its consumer unit, the company said. It gave no earnings but said its profit […]
China plans to launch the core module for its first permanent space station this week in the latest big step forward for the country’s space exploration program. The Tianhe, or “Heavenly Harmony” module is set to be hurtled into space aboard a Long March 5B rocket from the Wenchang Launch Center on the southern island […]
The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them. The Alliance for Automotive Innovation says its members support the voluntary principles, which come as two federal agencies increase scrutiny of Tesla’s Autopilot diver-assist system after […]