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Nvidia CEO Jensen Huang is in Shanghai, a person briefed on the matter said on Saturday, as the U.S. chip giant faces fierce competition from local rivals and scrutiny from Chinese authorities.The timing of Huang's trip, to kick off annual celebrations with Nvidia's
Jannik Sinner's ambitions of winning a third straight Australian Open title looked close to being over as the Melbourne heat crept towards 40C. In the end, the rising temperatures helped the cramping Italian come through a testing third-round match - because the Grand Slam tournament's heat rule
Russian strikes killed one person and injured 23 others in Ukraine's capital and the northeastern city of Kharkiv overnight, authorities said early on Saturday (January 24, 2026). The country was under an air raid alert with military authorities in Kyiv warning of drones and ballistic missiles
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TikTok names veteran Adam Presser as CEO of US JV

Video-sharing platform TikTok named senior executive Adam Presser as the chief executive of its newly formed US joint venture, the company said in an announcement.
Presser has been with TikTok for about four years, serving as head of operations, safety, and trust. He will now lead the US arm, which was formed after a year of tussle between the Chinese-owned platform and the US government. He will work alongside a seven-member, majority-American board of directors. TikTok CEO Shou Chew will be among them.
The social media giant, now used by over 200 million Americans, on Friday finalised a deal to create a new American entity, avoiding the looming threat of a ban in the United States.
The company signed agreements with major investors, including Oracle, Silver Lake, and the Emirati investment firm MGX, to form the new joint venture, which will run as an “independent entity.”
The new version will operate under “defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for US users,” the company said in a statement Thursday. American TikTok users can continue using the same app.
President Donald Trump took to his social media platform Truth Social to thank Chinese PM Xi Jinping for "approving the deal." "I am so happy to have helped in saving TikTok! It will now be owned by a group of Great American Patriots and Investors, the Biggest in the World, and will be an important Voice. Along with other factors, it was responsible for my doing so well with the Youth Vote in the 2024 Presidential Election," his post read.
Questions loom
American TikTok users will be using the same app, the company has assured. But exactly how American users' feeds will be changed once the changeover happens is yet to be seen.
The algorithm, the secret sauce that powers its addictive video feed, powering the US backend, will be licensed from ByteDance and then retrained on US user data. The act of retraining the content recommendation formula is certain to at least have subtle changes to a user's personalised feeds.
Importantly, the deal was brought in to safeguard American interests and national security. The divestment may have satisfied the Trump administration, but whether it will satisfy the lawmakers who passed the divest-or-ban law remains to be seen, University of Florida media professor Andrew Selepak told AFP.
Source: EconomicTimes
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