Thursday, August 27, 2020

TikTok CEO Kevin Mayer quits amid widespread setbacks, internal memo reveals

TikTok, in an emailed statement, confirmed the departure and said that the political dynamics of the last few months had "significantly changed" the scope of Mayer's role. ByteDance's founder and CEO Yiming Zhang said in a separate letter that the company was "moving quickly to find resolutions to the issues that we face globally, particularly in the U.S. and India."

from Tech-Economic Times https://ift.tt/2YFnTlB

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...