Bloomberg Technology
Frank McCourt Readying US TikTok Bid, Google's AI Announcements
May 15, 2024
Real estate mogul Frank McCourt plans to bid for TikTok's US business, Google's AI advancements at I/O conference, and OpenAI's Chief Scientist departure discussed. Tech trends, individual data ownership, and Google's AI innovations reshaping the internet landscape highlighted. Insights into AI ethics, legal backlash, and risks of generative AI in legal sphere explored. Chime's new service offering and cybersecurity concerns also touched upon.
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Quick takeaways
- Frank McCourt organizing bid for US TikTok business
- Google's AI announcements at annual developers conference
Deep dives
Chime introduces MyPay feature for early paycheck access
Chime, the FinTech company, has launched a new feature called MyPay, allowing consumers to access up to $500 of their paycheck before the scheduled deposit. The service is offered for free, but an instant $2 fee is charged for immediate access. By providing this option, Chime aims to attract more users to utilize their fee-free banking services and expand their customer base.
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