TikTok launches crowd-sourced context tool; Reddit's AI-driven share price jump; CapitalG and Nvidia in reported talks to fund Vast Data
TikTok announced the launch of a crowd-sourced tool called Footnotes that is aimed at letting users add context to potentially inaccurate or misleading posts, following a similar model to the Community Notes feature on X (formerly Twitter). TikTok began testing Footnotes in April, and allows vetted users to contribute context that is then rated by others for being helpful. Meta also follows a similar standard, having done away with its fact-checking programme in what was seen as a strategic move to align the company with U.S. President Donald Trump's conservative values. TikTok has around 170 million users in the U.S. and nearly 80,000 users in the country who have maintained an account for at least half a year have qualified as Footnotes contributors.
However, the Chinese-owned short video app said that it will continue to maintain existing fact-checking programmes such as labelling content that is hard to verify, and partnering with fact-checking bodies. The existence of a Community Notes model of content moderation alone is not enough to prevent disinformation on sites such as X and Meta, according to professional fact-checkers working across time zones and languages.
Reddit's AI-driven share price jump
Reddit last week saw its shares rising by 15% after reporting quarterly results that went far beyond Wall Street expectations, bringing more attention to its Generative AI-powered offerings. Reddit is the latest tech company to capitalise on the market's interest in AI products, as it focuses on AI-based advertising tools. Apart from this, Reddit boasts a huge and well-organised trove of knowledge that users have contributed to the platform in the form of subject-based forums, media, questions and answers, interviews, and more.
Per data from LSEG, Reddit expects its third-quarter revenue to be between $535 million and $545 million, while analysts have estimated an average of $473 million. Marketers are interested in Reddit, as it offers them the opportunity to make use of various ad campaigns and even insert brand ads right into user conversations.
CapitalG and Nvidia in reported talks to fund Vast Data
CapitalG, the growth fund under Alphabet, and Nvidia are reportedly carrying out talks in order to invest in AI infrastructure provider Vast Data. The new funding round could value the company at as much as $30 billion, per the sources. The funding round could close in the coming weeks, according to them. Vast Data has its headquarters in New York and develops storage technology that caters to the upkeep of large AI data centres. Vast Data may also consider an initial public offering in the future.
Some of its clients include Elon Musk's xAI and CoreWeave. However, news of a potential investment has not yet been officially confirmed by Vast Data and CapitalG. An explosion in Generative AI startups, products, and models has also triggered demand for facilities that will allow tech companies to scale their data centres without facing hurdles.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Chinese state media says Nvidia H20 chips not safe for China
Nvidia 's H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This AI Tutor Lets You Learn Languages Your Way Talkpal AI Learn More Undo Nvidia did not immediately respond to a request for comment. H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Nvidia later said its products had no "backdoors" that would allow remote access or control. Live Events In its article, Yuyuan Tantian said Nvidia chips could achieve functions including "remote shutdown" through a hardware "backdoor." Yuyuan Tantian's comment followed criticism against Nvidia by People's Daily, another Chinese state media outlet. In a commentary earlier this month, People's Daily said Nvidia must produce "convincing security proofs" to eliminate Chinese users' worries over security risks in its chips and regain market trust.
&w=3840&q=100)
First Post
an hour ago
- First Post
This Week in Explainers: Why Israel is planning to seize Gaza City despite calls to end war
Israel has decided to seize control of Gaza City despite Prime Minister Benjamin Netanyahu facing increasing pressure to end the war with Hamas. All this and more in our weekly wrap from around the world read more Israel is planning a military escalation in Gaza. The country has decided to seize control of Gaza City, a densely populated urban centre, despite domestic and international pressure. United States President Donald Trump's 25 per cent tariffs on India have come into effect. He has also threatened to impose an additional 25 per cent tax on Indian goods as a penalty on New Delhi for buying Russian oil. However, it is not just India, the world will be singed from the high tariffs on India. STORY CONTINUES BELOW THIS AD The US has sped up the space race. Nasa has decided to fast-track efforts to put a nuclear reactor on the Moon, with a goal to do it in the next five years. Here's all this and more in our weekly roundup from around the world. 1. Israel Prime Minister Benjamin Netanyahu has called on Israeli forces to seize control of Gaza City, which has already faced the brunt of the country's repeated bombings and ground incursions since the Hamas war began in October 2023. This comes even as pressure on Israel grows to reach a ceasefire in Gaza, as the Palestinian population is on the brink of a famine. Netanyahu's proposed strategy, citing the necessity of defeating Hamas through military pressure, has been condemned by the relatives of hostages who are held in the narrow strip and even by former Israeli military officials. As a ceasefire with Hamas remains elusive and a humanitarian crisis unfolds in Gaza, we take a look at the Israeli PM's plan to 'conquer' Gaza City. 2. US President Donald Trump has raised tariffs on India to 50 per cent, but left a 21-day window open for negotiations to avoid the steep taxes. While India's electronics and pharma exports to America remain exempt for now, the increased rates will hit labour-intensive exports like textiles and gems and jewellery. STORY CONTINUES BELOW THIS AD However, if the US president thinks the high tariffs on India will not impact the world, he is mistaken. The 50 per cent tariffs will hurt Indian exporters. The world will also suffer if New Delhi stops buying crude oil from Russia. We explain in this story how. 3. The image of an unidentified stealth aircraft in China has aviation experts wondering whether it is a jet or a drone. Two images of the aircraft showing a sleek, tailless design with a lambda-wing layout surfaced this week. Soon, conjectures began whether it was a sixth-generation crewed jet, similar to the J-36, or one of its new advanced drones. Some say it is a carrier-based fighter, while others believe it to be a 'loyal wingman' drone. But what is it? We bring you the answers. 4. Nasa's acting administrator has issued a directive to accelerate efforts to put a nuclear reactor on the lunar surface. Sean Duffy wants to deploy the reactor on the Moon by the year 2030. STORY CONTINUES BELOW THIS AD In his memo sent out last month, he said the nuclear reactor should provide at least 100 kilowatts of power, which can power 80 houses in the US, and be ready for launch by late 2029. With this, the US space agency has started another space race. But why is Nasa rushing for such a reactor on the Moon? Read our report to find out. 5. This week marked 80 years since the United States' atomic bombing of Hiroshima and Nagasaki. On August 6, 1945, a US Air Force B-29 Superfortress, dubbed the Enola Gay, dropped a uranium bomb called 'Little Boy' on the Japanese city of Hiroshima, killing more than a lakh people. Three days later, another atomic bomb detonated in Nagasaki. Smoke billows over Nagasaki, Japan after the atomic bomb was dropped on the city in this August 9, 1945. File photo/ Reuters The two atomic bombings killed about 200,000 people in Japan and possibly more. There was one Japanese man, though, who survived both the attacks. Who was he? And how did he survive the explosions? We take a look at his story here. STORY CONTINUES BELOW THIS AD 6. Individuals seeking a US green card may get some relief in future. Two United States lawmakers have introduced a bipartisan bill that aims to increase the cap on green cards as well as reduce waiting times. The Dignity Act of 2025, brought in the US House of Representatives, could reduce immigration visa backlogs, which reached 11.3 million (1.13 crore) cases by the second quarter of FY2025. Here's our story on who will benefit if the bill becomes a law. 7. Indian-origin lawyer Mathura Sridharan has become Ohio's 12th Solicitor General. This makes her the US state's top appellate lawyer. Soon after Ohio Attorney General Dave Yost made the announcement, Sridharan was subjected to racist and xenophobic trolling online. AG Yost today named Mathura Sridharan as his pick for Ohio's 12th solicitor general, the state's top attorney for appeals in state and federal courts. Details: — Ohio Attorney General Dave Yost (@OhioAG) July 31, 2025 STORY CONTINUES BELOW THIS AD Some claimed she was not an American citizen, which was swiftly denied by Yost. Others took objection to her bindi in her official photo. We take a look at what happened. This is all we have for you this week. If you like the way we analyse news, you can bookmark this page to stay updated.
Mint
an hour ago
- Mint
OpenAI's $500 billion ambition puts it in elite club—and in the crosshairs
Just a week after OpenAI secured fresh funding at a $300-billion valuation, reports emerged of potential share sales at $500 billion. If it goes through, that kind of valuation would place OpenAI among only around 20 companies valued at over half a trillion dollars globally. OpenAI's latest funding round, worth $8.3 billion, was oversubscribed five times. The investor appetite reflected their confidence in the AI startup's ability to dominate a market that the UN Trade and Development projects will explode by 25 times in size in a decade. OpenAI's momentum is undeniable. The company has continuously upgraded its flagship ChatGPT product, recently launching GPT-5, which it claims can provide PhD-level expertise. Financially, its revenues have doubled in seven months, reaching $1 billion a month, with projections to hit $20 billion in annualised revenue by the end of the year. The capital influx will primarily help OpenAI scale its compute infrastructure, particularly Stargate, a joint venture with Japanese investment firm SoftBank and technology company Oracle to build the world's largest AI supercomputing infrastructure. OpenAI is also setting up its first data centre in Europe next year, which will house 100,000 Nvidia processors. This infrastructure investment is critical as companies race to control the data centres and AI chips essential for training and operating advanced artificial intelligence models. The numbers reflect this reality. Global data centre capacity surged from 20GW in 2016 to 57GW in 2024, with Goldman Sachs projecting 122GW by 2030. While OpenAI's valuation reflects investor confidence, the fundraising itself underscores the infrastructure investments needed to maintain leadership in the AI market. Challenger pack OpenAI faces growing competition from well-funded AI startups. Anthropic, founded by former OpenAI employees, is nearing a $5 billion funding round that would value it at $170 billion, up from $61.5 billion in March. Elon Musk's xAI has raised $10 billion at an $80 billion valuation and is seeking additional funding at a potential $200 billion valuation. Venture capital funding to AI companies has exceeded $40 billion in each of the past three quarters, according to Crunchbase. This financial backing is translating into competitive model performance. On the GPQA Diamond benchmark, which tests PhD-level science questions, xAI's Grok 4 Heavy scored 88.9% and Anthropic's Claude Opus 4.1 scored 80.9%. The landscape shifted when Chinese startup DeepSeek released powerful open-weight models available for free. OpenAI released its own open-weight models in response. The competition now spans both proprietary and open-source approaches. Incumbent advantage OpenAI also faces pressure from the Big Tech firms. Meta, Google, Amazon, and Microsoft have collectively spent $291 billion over the past year, largely for AI infrastructure. Last month, in a $2.4 billion deal, Google hired key executives from Windsurf, an AI coding company that OpenAI wanted to acquire. Google has also integrated 'AI Overviews' with its search engine, turning it into an 'answer engine" that directly competes with the core function of chatbots like ChatGPT. This strategy leverages Google's 2 billion monthly users and its market dominance. Meta, meanwhile, is restructuring its AI division into Meta Superintelligence Labs. It has also acquired top-tier AI researchers from OpenAI, with multi-million-dollar compensation packages. Partner paradox OpenAI's relationship with Microsoft, however, has turned complicated. Microsoft, OpenAI's primary backer with a $13.75 billion investment, is also a direct competitor seeking to lead the AI revolution. Copilot, Microsoft's AI platform, boasts over 100 million monthly users. Microsoft's server products and cloud services revenue jumped 27% year-over-year in the three months ended 30 June, driven by growth in Azure, its cloud or remote computing platform. Microsoft holds crucial leverage as OpenAI attempts to convert into a for-profit company—a prerequisite for unlocking SoftBank funding and IPO plans. However, Microsoft has been withholding approval as both companies negotiate revising their contract, set to expire in 2030. A major sticking point is a clause that could terminate Microsoft's access to future OpenAI technology if the startup's board declares that artificial general intelligence—AI's capacity to learn and understand like humans and apply that knowledge to execute tasks—has been achieved. This friction has real consequences: OpenAI's attempt to acquire AI coding startup Windsurf failed because Microsoft's IP rights would have extended to the new technology, which Windsurf rejected. OpenAI needs capital to overcome these structural challenges and funding obstacles. is a database and search engine for public data
