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| Beijing mulls TikTok sale: Chinese officials are evaluating a potential option that involves Elon Musk acquiring TikTok's US operations as a means to avert a controversial ban on the short video app. AI chip restrictions: With just a week until Joe Biden leaves office as US president, the White House unveiled sweeping new restrictions on the sale of advanced chips for artificial intelligence. Nvidia, the top maker of the processors, responded with sharp criticism. EU crackdowns: Antitrust regulators in Europe are looking anew at Apple's revamped fees for app developers amid concerns they could drive up costs for software makers. The EU also may expand its investigation into whether Elon Musk's X breached content moderation rules. | |
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| Databricks, one of the world's valuable closely held companies, secured $5 billion in financing from lenders including Blackstone, Apollo and Blue Owl Capital. The company, which makes software to find, organize and analyze data from a variety of sources, was valued at $62 billion when it raised $10 billion at the end of 2024. | |
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| Time for everyone to learn how to pronounce Xiaohongshu (shau-hong-shew). As the US government's deadline for ByteDance Ltd. to sell off TikTok's US operations approaches — this very Sunday — hordes of users are decamping to another social app out of China. Whether you call it by its full name, the hip XHS abbreviation or the rough translation of Red Note, the app is a melting pot of all the most addictive mobile software. | |
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| Ashley Carmen writes in Soundbite that Spotify had about 55 million US subscribers as of the third quarter of 2024, according to internal data. To see more from Ashley, subscribe here. | |
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