[BIG TECH]■ STORY TIMELINE

TIKTOK CUTS MUSIC LABEL JOBS, BETS ON DIRECT ARTIST TIES

TikTok is eliminating positions focused on music label relations, redirecting resources toward SoundOn, its in-house music distribution platform, and other direct-to-artist initiatives.

5 SOURCESFIRST SEEN MAY 29, 01:50 AM► READ THE ARTICLE

Techmeme+0m

Sources: TikTok is cutting music label-facing jobs to focus on its music distribution arm SoundOn and other projects that connect it more directly with artists (Bloomberg)

Bloomberg: Sources: TikTok is cutting music label-facing jobs to focus on its music distribution arm SoundOn and other p…

Techmeme+3h 50m

Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target, after consultations with advisers and investors (Bloomberg)

Bloomberg: Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target,…

Techmeme+4d 15h

Sources: the EU's €20B investment plan for five AI data centers is floundering, with delays and funding issues alienating some potential partners (Bloomberg)

Bloomberg: Sources: the EU's €20B investment plan for five AI data centers is floundering, with delays and funding issue…

Techmeme+5d 21h

Sources: Lila Sciences, which uses AI tools to speed up the rate of scientific discovery, is in talks to raise a $2B Series B at an expected valuation of ~$8.5B (Bloomberg)

Bloomberg: Sources: Lila Sciences, which uses AI tools to speed up the rate of scientific discovery, is in talks to rais…

Techmeme+6d 17h

Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he will remain Airbnb CEO and will not be the lab's CEO (Bloomberg)

Bloomberg: Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he wil…

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