On the one side are dozens of lawmakers on Capitol Hill issuing dire warnings about security and possible Chinese surveillance. On the other are some 150 million TikTok users who just want to be able to keep making and watching short, fun videos.
The leak creates more challenges for billionaire Elon Musk, who bought Twitter last October for $44 billion and took the company private. Since then, it has been engulfed in chaos, with massive layoffs and advertisers fleeing.
VisionTech, a group of more than 130 investors, has so far this year made seven investments totaling $1 million. In comparison, the group made a total of 16 investments totaling $2.4 million in all of 2022.
A nearly six-hour grilling of TikTok’s CEO by lawmakers brought the platform’s 150 million U.S. users no closer to an answer as to whether the app will be wiped from their devices.
Steve Pruden, CEO of design and innovation consulting firm Studio Science, said the acquisition of RevTech360 adds new technical capabilities to Studio Science’s lineup.
Vibenomics, which has raised about $32 million in investment capital since its 2016 launch, is now owned by Austin, Texas-based Mood Media, a much larger player in marketing tech field.
The Lebanon Plan Commission voted unanimously Monday to approve Eli Lilly and Co.’s development plan for its two manufacturing facilities in Boone County.
The “How I Met Your Mother” star, music producer Timbaland and “Bar Rescue” host Jon Taffer are among the newly announced participants for the technology-focused summit.
Athian expects to begin beta testing for its first product this month. The company was launched last year by Greenfield-based Elanco and Indianapolis-based High Alpha Innovation.
Microsoft is infusing artificial intelligence tools into its suite of office software, allowing users to do things like summarize long emails, draft stories in Word and animate slides in PowerPoint.
The new event, called Rally, will take place at the Indiana Convention Center and feature a $5 million pitch competition, more than 200 speakers, and opportunities for entrepreneurs to demonstrate their innovations and meet individually with potential investors.
Meanwhile, lawmakers in both the House and Senate have been moving forward with legislation that would give the Biden administration more power to clamp down on TikTok.
Meta previously announced 11,000 job cuts in November, about 13% of its workforce at the time.
Indianapolis-based Elate was founded in 2019 by two former coworkers at another local software firm, Springbuk. Elate offers a platform to help organizations develop and execute their strategic plans.
Employees at Facebook parent Meta Platforms and TikTok developer ByteDance were aware of the harmful effects of their platforms on young children and teenagers but disregarded the information or in some cases sought to undermine it, court filings show.
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Luna Lu and her team at Purdue’s Lyles School of Civil Engineering are among a handful of organizations worldwide dabbling in how to commercialize “smart concrete.”
The bank failed after depositors—mostly technology workers and venture capital-backed companies—began withdrawing their money and created a run on the bank.
Cummins brought in $176 million—a tiny fraction of its overall revenue—from its electric and hydrogen products last year. But the company expects revenue to hit as much as $13 billion in 2030.
A broker on an online crime forum claimed to have records on 170,000 DC Health Link customers and was offering them for sale for an unspecified amount.
