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TikTok has finalized the deal for its US entity, with its parent company ByteDance selling majority of its stake to a group of non-Chinese investors. The deal was closed just before the Trump Administration's latest deadline, banning the app in the US unless it was divested from ByteDance, which will only retain 20 percent of the new entity. TikTok's investors will own 80 percent, with Oracle, Silver Lake and MGX, an Emirati-state owned investment firm, taking 15 percent each. Other investors include the investment firm of Dell's CEO.
The terms of the deal were first leaked last month, after TikTok CEO Shou Chew reportedly told employees in a memo that TikTok and ByteDance had agreed to a group of investors. This ends a lengthy saga and months of slow progress as the agreement was being worked out, ensuring that the app will remain available in the US after years of being on the verge of a ban in the country.
According to TikTok's announcement, the joint venture will protect American users' data with Oracle's secure US cloud environment. It will also retrain TikTok's algorithm on US users' data and will be in charge of content moderation in the US. The entity promises interoperability, as well, promising that users will
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Elon Musk just took the stage at the World Economic Forum in Davos, Switzerland and announced that Tesla's Optimus humanoid robot will be sold to the public by the end of next year. Musk is the master of unrealistic timetables, but this may be the nuttiest one yet. These are humanoid robots that are supposed to be able to do just about any task a human can do.
Musk, as usual, gave himself an out if the robots don't start rolling off the assembly line in 2027, saying that they'll only be released when Tesla is "confident that it's very high reliability, very high safety and the range of functionality is also very high."
He stated that the robots have already begun doing simple tasks in the Tesla factory, but there's no proof of this other than his word. In the real world, Optimus robots have continuously failed to live up to the marketing hype.
Absolutely hilarious though. pic.twitter.com/4gYVohjY00
— CIX ?? (@cixliv) December 8, 2025
There have been plenty of reports suggesting that previous demos of the robots in action were actually smoke and mirrors, as they were bei
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A new year is the perfect time to get your spending in order, and if you're not trying to build your own spreadsheet, budgeting apps are one of the best ways to do it. To save yourself some money in the process, you can pick up a year-long subscription to Monarch Money, one of Engadget's favorite budgeting apps, for just $50 if you use code NEWYEAR2026 at checkout and you're a new subscriber. That's a 50 percent discount on the service's normal $100 price.
Monarch Money makes for a capable and detailed budgeting companion. You can use the service via apps for iOS, Android, iPadOS or the web, and Monarch also offers a Chrome extension that can sync your Amazon and Target transactions and automatically categorize them. Like other budgeting apps, Monarch Money lets you connect multiple financial accounts and track your money based on where you spend it over time. Monarch offers two different approaches to tracking budgeting (flexible and category budgeting) depending on what fits your life best, and the ability to add a budget widget on your phone so you can know how you're tracking that month.
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