Sunday, June 25, 2023

As TikTok CEO Shou Chew announces a five-year $10B investment in Indonesia experts say competition and regulation have made TikTok vulnerable in Southeast Asia (Mercedes Ruehl/Financial Times)

Mercedes Ruehl / Financial Times:
As TikTok CEO Shou Chew announces a five-year $10B investment in Indonesia, experts say competition and regulation have made TikTok vulnerable in Southeast Asia  —  Viral app's parent ByteDance targets large Indonesian market but faces growing regulatory scrutiny around the world



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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)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...