ByteDance

Technology company Oracle may join a consortium of firms that will allow TikTok to operate in the US. The final decision will be made by US President Trump and China's Xi Jinping this week.

US Treasury Secretary Scott Bessent announced an agreement with China on TikTok ownership after trade talks in Madrid. Details of the agreement will be finalized during Trump's conversation with Chinese President Xi Jinping on Friday.

The US and China are nearing a deal on TikTok, but its conclusion may depend on trade concessions from China. Negotiations in Madrid concern the sale of TikTok by Bytedance and broader economic issues.

The court in Luxembourg found the European Commission's methodology for supervisory fees under the Digital Services Act to be flawed. EU regulators have been given 12 months to correct the methodology.

TikTok is updating direct messages, allowing users to send 60-second voice notes and up to nine photos/videos at once. Users will also be able to edit content before sending.

Chinese giant ByteDance plans a share buyback that will raise TikTok's valuation to over $330 billion. Employees will be offered $200.41 per share, a 5.5% increase from the previous buyback.

Nvidia plans to resume sales of H20 AI chips in mainland China, having received assurances from the US government regarding licensing. Chinese companies, including ByteDance and Tencent, are already placing orders for these chips.

TikTok is developing a new version of its app for users in the US, which is planned to launch on September 5. This comes amid negotiations for the sale of TikTok's US assets, the deadline for which has been extended to September 17.

US President Donald Trump announced the start of negotiations with China on a possible deal regarding TikTok. He noted that the US has "largely" concluded an agreement on the sale of the application.

The White House has allowed TikTok to operate in the US for another 90 days to allow time for the sale of the company's stake. Trump wants Americans to be able to use TikTok safely.

Leading AI chatbots in China have temporarily disabled image recognition during the national "gaokao" exam. This was done to prevent cheating by applicants.

TikTok has introduced TikTok for Artists with tools for promotion, analytics and audience interaction. The platform is already available in more than 25 countries, including the USA and the EU.

TikTok Shop, a ByteDance division, has announced staffing and organizational changes in the US. The company strives to create a more efficient operating model, despite political and market risks.

Huawei plans to test the new Ascend 910D AI processor to replace Nvidia chips. The company is already shipping Ascend 910B/C to customers and developing CloudMatrix 384.

South Korean law enforcement officials have stated that Chinese startup DeepSeek has been transmitting user data and their requests without permission. The company has previously been accused of leaking data to Bytedance.