Punjab Times

Trump administration is allegedly collecting $10 billion on the TikTok deal

An illustration of the TikTok logo over the Capitol

In September, Donald Trump claimed that “the United States is getting a tremendous fee” for brokering the TikTok deal. Now sources tell the Wall Street Journal and the New York Times that fee is expected to be in the range of $10 billion. The money is supposedly being paid by new investors, including Oracle and Silver Lake. Reports are that $2.5 billion was already paid to the Treasury when the deal closed on January 22nd. The rest will be paid out in installments.

This is the latest example of the Trump administration inserting itself into private business in unprecedented ways, including taking on a 10-percent stake in Intel last August, …

Read the full story at The Verge.

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ByteDance has reportedly suspended the global rollout of its new AI video generator

A month after Seedance 2.0’s launch in China sparked cease-and-desist letters from Disney and Paramount Skydance over its use of copyrighted materials, its developer ByteDance has reportedly hit pause on the release of the AI video tool in other regions. According to The Information, which spoke to two anonymous sources with knowledge of the matter, ByteDance has suspended Seedance 2.0’s global rollout. Engadget has reached out to ByteDance for comment and will update this story if we hear back with more information. 

Seedance 2.0 caught heat from Hollywood studios almost immediately upon its release, after user-generated videos including a viral AI clip of Brad Pitt fighting Tom Cruise sparked concerns that copyrighted works were used in training the model. In February, ByteDance told the BBC that it is “taking steps to strengthen current safeguards as we work to prevent the unauthorised use of intellectual property and likeness by users.” It’s unclear when exactly ByteDance planned to release the tool more widely. 

This article originally appeared on Engadget at https://www.engadget.com/ai/bytedance-has-reportedly-suspended-the-global-rollout-of-its-new-ai-video-generator-212326112.html?src=rss …read more

Spotify’s new Taste Profile feature lets users fine-tune their algorithm’s recommendations

You’re responsible for your own Spotify algorithm now. On stage at SXSW, Spotify’s co-CEO, Gustav Söderström, announced the Taste Profile feature, which allows users to personally customize exactly what they want to listen to, whether it’s music, audiobooks or podcasts. This AI-powered feature is still in beta, and it will be available to Premium users in New Zealand in the coming weeks.

From its short video demo, Spotify’s Taste Profile feature will show you a summary of your listening habits and offer a “Tell us more” prompt at the bottom. With the new prompt, users can inform the AI what they want to see more of or if they want to get rid of a genre that keeps popping up in their algorithm. Spotify said that the Taste Profile will take into consideration more ambiguous prompts, too, like if you’re training for a marathon and want upbeat music or want to listen to news podcasts during your commute to work. Spotify added that Taste Profile is an optional feature, and unwilling users can “leave it and enjoy Spotify as usual.”

With Taste Profile, Spotify is continuing its momentum of offering AI features, like the <a class="colorbox" data-i13n="cpos:3;pos:1" …read more

Meta is reportedly laying off up to 20 percent of its staff

According to Reuters, Meta is looking to offset spending on AI and data centers with a massive round of layoffs. Sources familiar with the matter say the company could lay off as much as 20 percent of its staff, eliminating roughly 15,800 positions. That would be the largest series of layoffs at the company since it terminated 22,000 workers over just a few months between November 2022 and early 2023.

Word of the potential downsizing comes after Meta signaled that it was all but giving up on VR and the Metaverse, slashing budgets and closing studios. Instead, the company has been spending big to attract AI talent, build data centers, and ac …

Read the full story at The Verge.

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Trump administration will reportedly get $10 billion for brokering the TikTok deal

There may have been some extra incentive for the Trump administration to get the TikTok US deal done. According to a report from The Wall Street Journal, the Trump administration is set to receive a total of $10 billion in the deal that allowed TikTok to remain in the US. The new investors who acquired stakes in the US entity of TikTok already paid a $2.5 billion fee to the administration when the deal closed in January, but WSJ‘s latest report noted that the group of investors would continue to make payments until the total hits $10 billion.

After a group of investors, which includes Oracle along with the Silver Lake and MGX investment firms, acquired stakes in the US-based TikTok entity called TikTok USDS Joint Venture, the WSJ previously reported that the administration would receive a “multibillion-dollar fee” for its work on the deal. To better contextualize the recently-revealed $10 billion fee the Trump administration is receiving, the US entity of TikTok was valued at $14 billion by Vice President JD Vance.

The Trump administration has previously involved itself in major deals with other US corporations. Last year, the …read more

What to read this weekend: Locked in with The Iron Garden Sutra

Need something new for your reading list? This week, we recommend A.D. Sui’s The Iron Garden Sutra, a meditative horror sci-fi/fantasy and murder mystery.


I don’t typically gravitate toward locked room mysteries, but the description of this book ticked all the right boxes to win me over: “a death monk and a team of researchers trapped onboard a spaceship of the dead encounter something beyond human understanding.” It has all the makings of a compelling murder mystery, which is fine on its own, but thanks to the philosophical musings of its main character, Vessel Iris, and a setting that almost demands existential contemplation, it becomes something much deeper.

Vessel Iris is a monk some time in the far future whose mission is to perform funeral rites for the dead so their souls may reach their ultimate destination, according to the beliefs of his religion, the Starlit Order. “Vessels” like Iris share their mind with an AI companion, which creates a really interesting dynamic for the reader, as there is a constant dialogue going on between the two from the start (carrying a tone that sometimes verges on “old married couple,” which I quite enjoyed). Iris shows up …read more

Meta is reportedly planning to cut up to 20 percent of its staff in upcoming layoffs

Meta could be preparing for one of the largest layoffs in its history, according to a Reuters report. The tech giant is planning to cut about 20 percent of its workforce, according to the outlet’s sources. According to the report, neither a date nor the exact number of layoffs has been finalized yet.

However, Reuters reported that Meta’s top executives have told “other senior leaders” to start “planning how to pare back.” In its latest financial report, the company’s employee headcount was 78,865 as of December 31, 2025, while revenue reached nearly $60 billion for the fourth quarter and more than $200 billion for the entire year. A Meta spokesperson told Reuters that this was “speculative reporting about theoretical approaches.”

Meta is no stranger to major layoffs. Earlier this year, Meta targeted about 1,000 employees in its layoffs with the Reality Labs division that’s responsible for the company’s virtual reality and metaverse efforts. Early last year, Meta laid off about five percent of its workforce, following a smaller round of firings that same month. Meanwhile, the company has been spending heavily to acquire AI startups, like <a class="colorbox" …read more

Hulu, Disney Plus, and the Pixel Watch 4 are among this week’s best deals

Happy Saturday, all! This week, we found a number of deals that should help you unwind and relax over the next few days (and beyond). If you’re planning to stream the Oscars on Sunday, there’s still time to take advantage of a great deal on Hulu and Disney Plus, as well as Google’s latest 4K streaming device. Speaking of Google, you can also currently save $60 on the Pixel Watch 4; there are also savings to be had on microSD Express cards, ice cream makers, and a host of other great tech this weekend. So, without further ado, let’s get to it.

Hulu and Disney Plus recently launched a terrific promo that drops the price of the ad-supported bundle for new and returning subscribers to just $4.99 a month ($8 off) through 11:59AM ET on March 24th. That’s the best deal we’ve seen on the bundle since Black Friday and Cyber Monday, and a great way to stream the 98th Academy Awards without paying full price when they air tomorrow, March 15th, at 7PM ET.

In addition to the aforementioned awards show, Disney’s discounted bundle lets you catch up on 2026 nominees like …read more