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| Famished watchdogs: Fact-checking groups in the US and abroad are bracing for funding shortfalls of up to 80% amid a government cost-cutting push led by X owner Elon Musk with President Donald Trump’s blessing. Upheaval down under: Four of the six board members of Australia’s WiseTech Global are stepping down, as founder and largest shareholder Richard White appears to have triumphed in a high-level power struggle. Shares sank by 20%. Europe’s surprise AI profit: The largest tech companies in Europe outperformed earnings expectations over the holiday quarter, boosted by AI demand. ASML in the Netherlands and Nokia in Finland were the sector’s main growth drivers. | |
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| At least three major investors in TikTok owner ByteDance Ltd. have boosted their valuation of the company to more than $400 billion, according to people familiar with the matter. The markup comes in spite of a threatened TikTok ban in the US. | |
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| Intel Corp.’s future is in the balance, following a difficult 2024 that led to a $19 billion loss, the departure of CEO Pat Gelsinger and an urgent rethink of long-term strategy. Even so, at a time of diminishing sales and optimism, the company’s shares went on a historic tear last week, with investors betting on a potential breakup, investment or government intervention. Ian King addresses the situation and cautions against premature declarations of Intel’s demise. | |
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