Tech Industry Update: Trump Joins TikTok, U.S. Startups Distance from Chinese Investors, UAE Pursues AI Powerhouse Status

In a recent series of developments within the tech industry, former President Donald Trump has made headlines by joining the popular social media platform TikTok, amassing over 5 million followers. This move comes as U.S. startups are increasingly distancing themselves from Chinese investors in anticipation of stricter foreign ownership regulations. Concurrently, the United Arab Emirates is strategically partnering with the United States to leverage its petrochemical wealth and emerge as a global powerhouse in artificial intelligence (AI).

On the gaming front, Take-Two Interactive Software Inc. is reportedly closing Intercept Games and Roll7 as part of a larger plan to sell or shut down Private Division. Meanwhile, Rockstar Games, a subsidiary of Take-Two Interactive, is gearing up for a significant update to Grand Theft Auto Online in June, introducing new bounty hunting and police missions, along with enhanced content creator features.

Sony Group Corp.’s Naughty Dog, known for popular franchises like The Last of Us and Uncharted, is currently working on multiple single-player projects. Additionally, Sony has announced the upcoming release of a PC adapter for its PlayStation VR 2 headset, scheduled for August 7.

In the realm of smartphones, Apple Inc.’s upcoming iPhone 16 Pro is expected to feature the world’s thinnest bezels, surpassing the current record holder, Samsung Galaxy S24. Apple has also disclosed its minimum period for providing security updates to comply with the U.K.’s Product Security and Telecommunications Infrastructure regulation.

Across the tech landscape, companies like Qualcomm Inc., Advanced Micro Devices, and Intel Corp. are making strides in developing new AI chips and processors. Adobe Inc.’s recent update to its terms and conditions has sparked backlash from professional users, while Meta Platforms, Inc. has introduced new AI tools for businesses using WhatsApp and launched the “Meta Verified” badge in select countries.

Elon Musk, CEO of Tesla Inc., has been in the spotlight for various reasons, including a legal battle with the Australian government and redirecting Nvidia Corporation chips to his ventures. Palantir Technologies Inc. hosted its AIPCon 4, offering insights into AI work and defense spending, while Humane Inc. advised customers to discontinue using the charging case of its Ai Pin device due to a potential fire hazard.