In a bold move to maintain its competitive edge against U.S. rivals, TikTok’s Chinese parent company is set to invest a staggering $23 billion in artificial intelligence. This significant financial commitment underscores the growing importance of AI in the tech landscape, particularly for social media platforms that rely on advanced algorithms to enhance user engagement and content delivery. This investment not only reflects TikTok’s ambition to innovate but also highlights a broader trend where tech companies are racing to integrate AI capabilities into their services.

Million Victories, a rising star in the mobile gaming industry, has successfully secured nearly $40 million in funding from Haveli Investments. This significant investment marks a pivotal moment for the studio, which has seen its revenue double annually since its inception in 2017. With over 4 million players engaged in their flagship game, Million Lords, the company is poised to expand its global footprint and solidify its leadership in the competitive 4X mobile strategy genre.