ByteDance’s Valuation Soars to $480 Billion in Share Auction

Software startup Temporal Technologies Inc. is reportedly in advanced discussions to raise new capital, aiming for a valuation of $5 billion, which would mark a doubling of its worth from just three months prior. This surge in valuation is attributed to the ongoing boom in artificial intelligence (AI) technologies.

Microsoft has successfully shut down a scam website that facilitated the theft of millions by fraudsters leveraging pirated software. This action underscores the company's commitment to combating cybercrime and protecting its users from malicious activities.

A recent study has found no evidence that increased social media use or gaming contributes to mental health issues such as anxiety or depression among teenagers. This research comes at a time when UK ministers are contemplating a social media ban for users under 16, following Australia's recent legislation aimed at enhancing online safety for minors.

Skild AI Inc., a rapidly growing robotics startup, has raised approximately $1.4 billion in a new funding round, elevating its valuation to over $14 billion, more than tripling its worth in just seven months. This significant financial backing underscores the increasing investor confidence in AI-driven technologies that enhance robotic learning capabilities.

TikTok faced backlash after users reported being algorithmically directed to products featuring Nazi symbolism, including swastika jewelry and items associated with the SS, despite the platform's removal of such items from its shop. This raises concerns about the effectiveness of TikTok's content moderation and algorithmic controls in preventing the promotion of hate symbols.

Infosys Ltd. has raised its annual sales forecast, indicating a potential recovery in corporate information technology spending, driven by the adoption of advanced technologies like artificial intelligence and cloud services.