DIGITAL & TECHNOLOGY UPDATE AUGUST 2020

  • Facebook launches Instagram Reels, its TikTok competitor that lets users create and publish 15-second videos, in 50+ countries, including the US, UK, and Japan — Instagram Reels, the company’s significant effort in challenging TikTok on short-form creative content, is launching globally, starting today.
  • Telemedicine provider Teladoc Health signs a $18.5B deal to buy Livongo, maker of connected devices for managing diabetes and other chronic conditions — In a sign of the growing importance and value of digital healthcare in the world of medicine, two of the industry’s publicly traded companies …
Microsoft could buy TikTok for as much as $30B, or as little as $10B, and plans to finish acquisition talks within the next three weeks Microsoft could use data culled from TikTok content, such as video of people of different ethnicities engaged in a variety of activities, to train its AI — More than merely appealing to the young users of TikTok, Microsoft could use the data culled from its videos to better compete against its AI rivals.

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