Facebook & Insta $1bn ‘creator investment’
Facebook and Instagram take on TikTok with this massive fund of bonuses and incentives to encourage content creators. They’re battling with the likes of TikTok and YouTube for eyeballs and duration
Microsoft buys AI speech firm Nuance ($16bn)
Microsoft strengthens its artificial intelligence and speech tech capability. Nuance powered the speech recognition engine behind Apple’s Siri and turns speech into text. The deal builds-up Microsoft’s cloud-computing operation, particularly for healthcare (“telehealth” and remote doctor) sector and broader business customers.