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Sources say that if ByteDance loses its legal fight and is given the option to either sell TikTok or see it banned in the U.S., it would rather shut down the app. It’s also possible it could be sold but without its core algorithm. Read more.
According to Amazon, nearly 60% of orders placed through Prime in the top 60 U.S. metro areas in Q1 arrived the same or next day, up 50% from FY23 Q2. The news comes after Amazon invested majorly in a focus on faster fulfillment. Read more.
Elon Musk’s 10-month-old OpenAI competitor, xAI, is raising $6 billion on a pre-money valuation of $18 billion. The deal is expected to close in the next few weeks and would give investors one quarter of the company. Read more.
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