Bloomberg Technology
China Criticizes Didi, Meituan in Car-Hailing Clampdown
Sep.02 — Chinese regulators summoned executives from 11 car-hailing companies — including services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. — and criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday. Enda Curran reports on “Bloomberg Surveillance Early Edition.”
Bloomberg Technology
Meta Settles Federal Social Media Addiction Trial | Bloomberg Tech 8/26/2026
Bloomberg’s Ed Ludlow explains why Meta agreed to pay up to $18 billion in landmark settlements to resolve allegations that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Plus, Nvidia reports after the closing bell today. And, Southern Company CEO Chris Womack joins to discuss the AI boom’s impact…
Bloomberg Technology
Meta Settlement Sets Blueprint for TikTok, YouTube
Meta has agreed to pay up to $18 billion over ten years and adopt new protections for teenage users as part of a landmark settlement with states over its social media platforms. The company was sued by 29 state attorneys general, including West Virginia Attorney General JB McCuskey, who says the deal provides a “blueprint”…
Bloomberg Technology
How ‘AI-Pilled’ Companies Are Rewriting the Startup Playbook
AI isn’t just changing what startups build, it’s changing how the companies themselves operate. Floodgate co-founder and Partner Ann Miura-Ko explains her thesis around the “AI-pilled organization,” where agents are deployed across engineering, sales, marketing, and strategy to dramatically accelerate how companies learn and execute. She joins Ed Ludlow on “Bloomberg Tech.” ——– Like this…
Hidden Clues in Apple’s iPhone 18 Event Invite | One More Thing
Meta Settles Federal Social Media Addiction Trial | Bloomberg Tech 8/26/2026
Meta Settlement Sets Blueprint for TikTok, YouTube
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Kyodo News Agency
September 2, 2021 at 11:13 am
AI expert Lee Kai-fu on China clampdown against big tech — “In the age of artificial intelligence, big data is the new hydrocarbon. China used to have a huge advantage over the US in the realm of big data. But that advantage was eroded by Trojan backdoors like Didi and other Chinese tech companies who had to surrender their China-based big data to the US regulatory bodies in order to get listed in the US bourse. This is a painful and costly lesson for China.”
Sharp Investment Show
September 2, 2021 at 10:05 pm
Peak Fintech is my #1 play on the Chinese economy! They are also expanding globally a well.