Tootfinder

Filing: in 2025, TikTok posted its first net profit of $702.5M in Europe, Africa, and Latin America on $9.1B in revenue, up 45.7% YoY (Iain Martin/Forbes)
https://www.forbes.com/sites/iainmartin/2026/08/20/tik…

TikTok’s Europe, Africa and LatAm Business Turns Its First Profit
TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.

Google Cloud is deploying context-creating AI agents within its tools to automate tasks handled by forward-deployed engineers; Google is hiring hundreds of FDEs (Kevin McLaughlin/The Information)
https://www.theinformation.com/articles/google-says-a…

Google Says Its AI Can Do the Work of Forward Deployed Engineers
Following the playbook Palantir pioneered, OpenAI, Anthropic, Microsoft and Amazon are investing billions of dollars to hire so-called forward deployed engineers to get newfangled AI to work in enterprises.Then there’s Google, which says AI can automate some of what these FDEs do.While Google ...

Sources: the USPTO and US Copyright Office were surprised by the DOJ's brief supporting OpenAI and Microsoft in their dispute with the New York Times (Axios)
https://www.axios.com/2026/09/19/justice-department-openai-new-york-times

Scoop: DOJ's copyright filing took key agencies by surprise
The department argues copyrighted works to train models should be considered fair use because that practice is new and transformative.

Moonshot AI pauses new subscriptions, saying that over the past two days Kimi K3 demand nearly passed the limit of its capacity, and also reworks its plan tiers (@kimi_moonshot)
https://x.com/kimi_moonshot/status/2078855608565207130

Kimi.ai (@Kimi_Moonshot) on X
Kimi K3 has received far more love than we expected, and our GPUs are feeling it. Over the past 48 hours, demand has pushed close to the limits of our current capacity. To protect the experience of existing subscribers, we're temporarily pausing new subscriptions and

Google unveils Operation Blue Skies, a £5M trial to re-route North Atlantic aircraft to reduce contrail-induced warming using Google's AI atmospheric forecasts (Madeleine Cuff/New Scientist)
https://www.newscientist.com/article/25850

Planes flying over the Atlantic will be re-routed to avoid contrails | New Scientist
Operation Blue Skies is the world’s first trial to deploy contrail avoidance measures across an entire airspace, aiming to lower the climate impact of flights on a large scale 

Filing: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (Dave Sebastian/Bloomberg)
https://www.bloomberg.com/news/articles/20

Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending (Denny Thomas/Bloomberg)
https://www.bloomberg.com/news/articles/2026-…

The EU fines Alibaba's online marketplace AliExpress €550M for failing to do enough to prevent the sale of illegal products, the largest DSA fine to date (Barbara Moens/Financial Times)
https://www.ft.com/content/13c385e7-600f-471a-858e-6f1970802a10

Snap reaches a deal to settle the second case set for trial over social media harm to minors, following TikTok and YouTube, leaving Meta as the only defendant (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-20/snap-ne…

Alibaba open-sources its chip software, following similar plays from Huawei and Moore Threads, as Chinese GPU makers try to break the dominance of Nvidia's CUDA (Ann Cao/South China Morning Post)
https://www.scmp.com/tech/tech-war/article

Alibaba targets Nvidia’s dominant software ecosystem with open-source AI stack
The firm’s chip unit T-Head aims to lower migration barriers to Zhenwu AI computing architectures, following similar initiatives by Huawei and Moore Threads.