TikTok faces Supreme Court decision

Top News

• TikTok ruling looms: The U.S. Supreme Court heard arguments today over a law that gives TikTok’s parent company, ByteDance, an ultimatum: sell the app by January 19 or face a U.S. ban due to national security concerns over its Chinese ownership. TikTok argues this violates First Amendment rights, but several justices seemed more worried about potential security risks. The government claims that ByteDance’s ties to China could allow sensitive user data to be accessed by foreign entities. A decision is expected before the deadline, and it could spell major changes for TikTok’s future in the U.S.

• Gravy Analytics' Data Breach: Gravy Analytics has been exposed for collecting location data from thousands of apps, including Tinder and MyFitnessPal, without users' knowledge. The company exploits real-time ad bidding to gather precise location details, bypassing the need for direct app-level tracking permissions. This setup lets data brokers track individuals’ movements without their knowledge or consent. The leak raises serious questions about just how much location tracking happens in the ad industry, and where it will go in the future.

• OpenAI’s Robot Ambition: OpenAI’s new job postings reveal a clear push into robotics, seeking experts in machine learning and robotic systems. The listings suggest plans to build advanced robots capable of adapting to real-world environments. This move signals a renewed commitment to physical AI applications, aiming to push boundaries in robotics innovation. Roles emphasize the need for expertise in hardware design, control systems, and real-time decision-making, pointing to a focus on developing versatile, autonomous machines.

TWiST500

Maddie here. Today, I’m adding SymphonyAI to the TWiST500——a company delivering predictive AI for enterprises and looking ready for a big 2025.

Founded in 2017 by Romesh Wadhwani, SymphonyAI may not be the flashiest name in AI, but it has hit some impressive milestones. They’ve hit a $500 million revenue run rate, they’re profitable, and they’ve focused on delivering AI that actually works in real-world settings. Its predictive AI platform spans multiple industries, helping businesses forecast demand, optimize operations, and make smarter decisions.

Another TWiST500-worthy point? The fact that they’re already profitable, which is increasingly rare in an environment where many companies are burning cash just to survive. Add to that their recent moves, like bringing on seasoned executives, SymphonyAI is most likely gearing up for a major inflection point—likely an IPO. With investors and enterprises both craving AI solutions that deliver real ROI, SymphonyAI is in an enviable position. With AI enthusiasm still running high—and predictive AI gaining traction across enterprise applications—SymphonyAI seems positioned to capitalize on the moment.

As always, we’ll be following them closely as they continue to scale and potentially enter the public markets.

Got a company you think belongs on the TWiST500? Let me know: [email protected]!

—Maddie

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This Week in Startups

E2070: Jason shares highlights from his recent trip to Japan before tackling pressing issues like the LA wildfire crisis, federal aid challenges, and the potential for lawsuits against California over damages. The conversation shifts to the economic impact of inflation, the latest job report, and how automation and AI are transforming the labor market. Plus, they cover TikTok’s Supreme Court case and highlight wildfire relief efforts through the LA Fire Department Wildfire Fund.

E2069: Jason and Alex kick off the episode with a discussion about the recent fires in Pacific Palisades and Malibu, exploring the implications for insurance and startup opportunities. They dive into Meta's new content moderation strategy, analyzing Zuckerberg's motivations and potential actions from leadership. The conversation shifts to NVIDIA's AI supercomputer chip, Lenovo's rollable laptop, and Slack's iOS integration, showcasing cutting-edge innovations in tech. The episode wraps with a look at BYD's new supercar, Anthropic's valuation, and Jason’s experience with luxury Japanese minivans.

E2068: Jason and Alex kick off the episode with TWiST’s new interactive “live docket” experiment and dive into the Vail Resorts Epic Pass controversy, critiquing its management and stock performance. They explore Sam Altman’s insights on fusion energy, U.S. innovation, and rural business subsidies. The conversation shifts to cybersecurity concerns over Chinese hacking and China’s economic struggles, emphasizing domestic production. The episode wraps with a thoughtful discussion on handling online criticism and tips on security for public figures in a less empathetic online world..

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• Atlassian: From MVP to IPO, Atlassian for Startups provides your team the right tools to plan, track and collaborate on work. Head to Atlassian.com/Startups/TWiST to see if you qualify for 50 free seats for 12 months.

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LAUNCH Founder University Cohort 10

Applications are open for Founder University Cohort 10, a 12-week remote pre-accelerator program tailored towards navigating early-startup practices, building an MVP, and growing traction. Submit your application at Founder University— Cohort 10 will kick off Spring 2025!

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