ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The gains took place in conjunction with a 1% gain for the S&P 500 index and a 1.5% gain for the Nasdaq Composite index.

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do ... it must be sold by its Chinese owner ByteDance on national security grounds, or be ...

Attorneys for the TikTok and ByteDance have claimed it’s impossible to divest ... Several other names have been floated as possible buyers — Tesla CEO Elon Musk, Jimmy Donaldson ( MrBeast), who recently posted on social media about possibly pulling ...

Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.

Content creator Jimmy Donaldson, known on the Internet as MrBeast, has made it clear he is interested in buying TikTok. Donaldson has the most subscribers of any user on YouTube— over 340 million—and boasts over 113 million TikTok followers.

However, Musk may be about to swallow poison. TikTok’s killer app does not have a sleek interface or a catchy name. The secret sauce is its algorithm, which is not for sale. The algorithm directs users who have searched for, say, holidays in Bali to performers showcasing that destination. The algorithm feeds the addiction.

Tesla Inc. disappointed investors on Thursday, reporting sales of 495,570 electric vehicles in the fourth quarter and of 1.789 million for all of 2024, falling slightly short of Wall Street ...

Explore the pros and cons of the first round of technology developments from President Trump's first week in office. What impact will his bold tech moves have?

Stuffed porpoise stomachs and blood custard for the rich, pickled carrots for the poor, and ale for all. Europeans in the Middle Ages ate some weird freaking stuff. On July 11, It Begins. Superman - Only in Theaters 2025. CNBC's Deirdre Bosa joins 'The Exchange' with the latest details on the AI race between the U.S. and China.

Chatbot vanishes in Italy amid claims OpenAI's model was used to train Chinese AI - DeepSeek says its AI model is similar to US giants like OpenAI, despite fears of censorship around issues sensitive

As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running. Musk has criticized the potential ban,