Top Stories

TikTok Draws Concerns of U.S. Lawmakers, Growth Slows

Chinese short video app TikTok has had a total of 1.45 billion installs since debuting two years ago. It’s been installed 564 million times this year, and parent company ByteDance is considered the world’s largest startup, with a valuation of $75 million according to CB Insights. But, according to Sensor Tower data, Q3 2019 is the first quarter TikTok has seen a slowdown of user downloads, 4 percent from last year, to 177 million first-time users. U.S. lawmakers want to know if the app is a national security risk. Read more

Google to Let Android Users Choose Other Search Engines

Under pressure from European Union antitrust head Margrethe Vestager, Google will make it easier for users to choose a competitive search engine. Since Google’s record $4.8 billion fine didn’t “do the trick” to fix the problem, she proposed a “choice screen mechanism.” Beginning March 2020, Google will now offer this screen that allows users to pick a default search engine, and list rival search engines for little or no money. Google said the solution had been “developed in consultation with the European Commission.” Read more

Tech Companies, Startups Offer Wireless Internet Options

Some big tech companies and smaller Internet providers are attempting to compete with cable companies by delivering speedy wireless Internet at a cheaper price and with fewer data restrictions. Facebook, for example, is building networking technology that will enable home Internet connection via wireless service. It plans to license the technology to Internet providers and equipment manufacturers for free. These new providers, which are targeting cord cutters, may also compete with new 5G services beginning to roll out. Read more

Google Claims Major Breakthrough in Quantum Computing

Google stated it achieved “quantum supremacy,” a breakthrough in quantum computing that researchers have been pursuing since the 1980s. According to Google, at its Santa Barbara, California-based research lab, its quantum computer took 3 minutes and 20 seconds to complete a mathematical calculation that would take supercomputers over 10,000 years. Quantum computing is expected to unleash major advances in artificial intelligence and other complicated technologies. IBM, however, has disputed Google’s claim. Read more

SoftBank’s Takeover of WeWork Fraught with Uncertainties

WeWork’s largest investor, SoftBank, took over the ailing company and ousted co-founder/former chief executive Adam Neumann. WeWork, which ran out of money quickly after failing to go public, attempted to reinvent how office space is sublet, with a technology twist. But Dartmouth’s Tuck School of Business management professor Vijay Govindarajan noted that the startup’s business model “is nothing more than a real estate play.” SoftBank, which has a three-year plan to save WeWork, put top executive Marcelo Claure at the helm. Read more

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