ByteDance board member: TikTok looking for alternatives to sale

Not so fast, MrBeast. Despite a growing list of would-be buyers, TikTok is hoping it doesn’t have to sell. “There are a number of alternatives we can talk to President Trump and his team about that are short of selling the company that allow the company to continue to operate, maybe with a change of control of some kind, but short of having to sell,” ByteDance board member Bill Ford told Bloomberg. What that looks like remains to be seen, as does its effect on competitors Snap, Google, and Meta.

TikTok Deal Could Stop Short of Full US Sale, Shareholder Says

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Rani Molla19h

Meta buys chip startup Rivos in effort to lower its reliance on Nvidia

Meta is buying AI chip startup Rivos for an unknown sum, as part of the social media company’s effort to decrease its reliance on graphics processing units from Nvidia, Bloomberg reports. Rivos was seeking funding in August at a $2 billion valuation. Meta has been spending exorbitant sums in an attempt to create AI models that are smarter than humans, an effort that’s involved investing in developing its own AI chips.

Meta Is Said to Acquire Chips Startup Rivos to Push AI Effort

⚡️ +267% ⚡️

Jon Keegan21h

A new analysis by Bloomberg looked at wholesale electricity prices and found that in the past five years, areas near data centers saw their prices spike as much as 267%. More than 70% of the price increases took place in areas less than 50 miles from a data center.

As tech companies race to build colossal data centers, unprecedented energy demands from the projects are passing some of the costs on to consumers.

Tom Jones

one-stop bot shop

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Americans still have hang-ups about using AI as a shopping assistant

Could ChatGPT’s new instant checkout help move the needle?

Woman walking next to humanoid robot carrying shopping bags

Rani Molla22h

OpenAI’s first-half 2025 sales were 16% higher than all of 2024

OpenAI brought in $4.3 billion in revenue in the first half of this year, 16% higher than its total revenue in 2024, The Information reports, citing financial disclosures to shareholders. The ChatGPT maker also burned through $2.5 billion in the same time frame.

Currently the company is generating more than $1 billion in revenue each month, which puts it on track to reach its full-year projection for $13 billion in revenue and $8.5 billion in cash burn — a paltry sum compared to the $115 billion it expects to burn through 2029.

OpenAI’s First Half Results: $4.3 Billion in Sales, $2.5 Billion Cash Burn

Rani Molla

23h

What analysts expect from Tesla’s last quarter with the $7,500 tax credit

Tesla reports Q3 delivery numbers this week.

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