TikTok preparing a US copy of the app’s core algorithm
Reuters exclusively reported that TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it. The story contradicted TikTok’s own claims that this was impossible technologically or commercially according to a lawsuit it filed against the US government to block a new law that threatens to force a sale of its US division or an outright ban from the US.
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Post-COVID, China is back in Africa and doubling down on minerals
A Reuters analysis of lending, investment and trade data revealed that China’s flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus.
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India’s Reliance to buy Russian oil in roubles
Reuters exclusively reported that India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles.
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Saudi Arabia plans Aramco share sale as soon as June
Reuters exclusively reported that Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals.
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Nvidia cuts China prices in Huawei chip fight
Reuters exclusively reported that Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei.
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