TikTok plans to invest $37.7B+ to build a data center in Brazil's port of Pecém, partnering with Omnia and Casa dos Ventos, its first Latin American project (Bloomberg)

The latest analysis from Bloomberg highlights a significant lag in the performance of major tech stocks, particularly the so-called Magnificent 7, amidst a broader rebound in the S&P 500. This trend raises concerns about the sustainability of the tech sector's growth, especially as companies like Okta report mixed earnings and adjust profit forecasts. Additionally, TikTok has announced plans to invest over $37 billion in a new data center in Brazil, marking its first major project in Latin America.

ByteDance's TikTok has announced a significant investment of 200 billion reais (approximately $38 billion) to establish a large data center complex in Brazil, reinforcing the country's status as a key player in AI investment in the region.

TikTok, owned by ByteDance Ltd., has announced a significant investment of over 200 billion reais (approximately $37.7 billion) to construct a data center in Brazil, marking its inaugural project in Latin America. This facility will be located in the port of Pecém and is expected to enhance TikTok's operational capabilities in the region.

Researchers identified 354 TikTok accounts focused on artificial intelligence that collectively generated 43,000 posts using generative AI tools, amassing 4.5 billion views in a month. These posts included content deemed harmful, such as anti-immigrant and sexual material, raising significant concerns about the platform's content moderation practices.

The Irish media commission has initiated investigations into LinkedIn and TikTok to determine if they have violated the Digital Services Act (DSA) by failing to facilitate the reporting of illegal content effectively. This inquiry is part of a broader effort to ensure that social media platforms adhere to regulations designed to create safer online environments.

Researchers have identified 354 TikTok accounts that generated 43,000 posts using AI tools, collectively amassing 4.5 billion views in just one month. This content includes harmful material, such as anti-immigrant and sexualized themes, raising significant concerns about the impact of AI-generated content on social media platforms.

Ireland is currently investigating TikTok and LinkedIn for potential violations of the Digital Services Act (DSA), which aims to regulate online platforms and ensure user safety. This inquiry reflects ongoing scrutiny of social media companies regarding their compliance with European regulations.