Tuesday, August 31, 2021

TikTok parent ByteDance acquires VR headset maker Pico

In a statement issued to the publication, ByteDance said that Pico's "comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of the team, will support both our entry to the VR space and long-term investment in this emerging field". https://ift.tt/3kBpsv7

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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

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