Saturday, July 17, 2021

ByteDance's Toutiao ordered by China to halt new registrations since September

The halt on new registrations had not been previously reported. Some content creators have said on social media that they couldn't register for new accounts on Toutiao. https://ift.tt/2Uga3r4

How decision-making by Masayoshi Son, who estimated WeWork would be worth $10T by 2028 and wanted Adam Neumann to be "crazier", led to WeWork's implosion (Wall Street Journal)

Wall Street Journal:
How decision-making by Masayoshi Son, who estimated WeWork would be worth $10T by 2028 and wanted Adam Neumann to be “crazier”, led to WeWork's implosion  —  Adam Neumann and Masayoshi Son pushed WeWork to new heights as they challenged each other to think big and bet billions.



US startups led by Black women raised ~$494M so far in 2021, surpassing the $484M raised in all of 2020 but just 0.34% of the total US venture funding in 2021 (Sophia Kunthara/Crunchbase News)

Sophia Kunthara / Crunchbase News:
US startups led by Black women raised ~$494M so far in 2021, surpassing the $484M raised in all of 2020 but just 0.34% of the total US venture funding in 2021  —  Editor's note: This article is part of Something Ventured, an ongoing series by Crunchbase News examining diversity and access …



Waystar, which makes healthcare revenue cycle management software, buys Patientco, which provides patient billing and payments software, sources say for $450M+ (Michelle F Davis/Bloomberg)

Michelle F Davis / Bloomberg:
Waystar, which makes healthcare revenue cycle management software, buys Patientco, which provides patient billing and payments software, sources say for $450M+  —  - Patientco is said to be valued at more than $450 million  — Waystar CEO aims to provide more ‘consumer-like experience’



Sources: ByteDance's news aggregator Jinri Toutiao has been blocking new user and content creator registrations since Sept. at the behest of Chinese regulators (Reuters)

Reuters:
Sources: ByteDance's news aggregator Jinri Toutiao has been blocking new user and content creator registrations since Sept. at the behest of Chinese regulators  —  BEIJING (Reuters) - TikTok owner ByteDance has been blocking new user and content creator registrations for its Chinese news …



Current and former insiders shed light on IBM's missteps with Watson, as IBM takes a less ambitious approach to commercializing Watson in the corporate market (Steve Lohr/New York Times)

Steve Lohr / New York Times:
Current and former insiders shed light on IBM's missteps with Watson, as IBM takes a less ambitious approach to commercializing Watson in the corporate market  —  IBM's artificial intelligence was supposed to transform industries and generate riches for the company.  Neither has panned out.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...