Technology

TikTok “Refugees” Flock to U.S. Owned Rival, Triller

Published

1 year ago

January 18, 2025

High-Profile Creators Migrate to Triller as Platform Poised to Become 2025’s Leading Short-Form Video App

LOS ANGELES, Jan. 18, 2025 /PRNewswire/ — In a remarkable shift in the social media landscape, Triller, the U.S.-owned short-form video platform, is experiencing an unprecedented surge in users, with top-tier creators migrating from TikTok in droves. Many creators are turning to Triller as a refuge amid concerns about TikTok’s future and potential ban, seeking a new home for their viral content.

“Triller offers a safe, profitable environment for creators to thrive, free from the political and regulatory hurdles that have plagued other platforms,” said Sean Kim, CEO of Triller App, the fast-growing video-sharing app that allows users to create and share 15-second videos set to music.

Artists and Creators Investing in the Future

Triller’s rise is powered by the support of celebrity investors, including music industry icons such as Snoop Dogg, Marshmello, and The Chainsmokers. Their investment and continued advocacy have helped cement Triller as a creator-centric platform with deep roots in entertainment and music culture. The platform is also home to some of the most buzzworthy emerging talent, including Ice Spice, the rising rap sensation who built a massive following through Triller’s unique blend of music and viral content.

“Music has always been in the DNA at Triller,” said Melissa Phillippian, VP of Artist Relations at Triller. “With the support of our incredible investors and partners, we’ve worked tirelessly with Sean and our product team to create the best tools for artists, keeping them at the forefront of everything we do.”

Sean Kim’s Vision: A New Look, New Feel, and New Future

With Kim at the helm, Triller is reemerging with a fresh, user-friendly, and dynamic vision. Plans include enhancing features for a more immersive experience, such as AI-driven content creation tools, upgraded live-streaming options, and a revamped video editing suite.

“We’re building something truly revolutionary – a platform that prioritizes creators first. As we look toward 2025, we’re excited to expand our partnerships with brands, artists, and influencers, and explore new areas like AR and VR content creation,” said Kim, a former TikTok executive.

A Lifeline for TikTok Users: SaveMyTikToks.com

In response to the TikTok ban in the United States, Triller launched savemytiktoks.com, an innovative feature to help TikTok users protect and preserve their content.

With nearly 500,000+ videos uploaded in its first week, Triller’s Save My TikToks has been hailed as a game-changer, offering creators peace of mind and a simple, secure way for TikTok users to ensure they can continue to engage with their followers and maintain their digital presence.

Triller’s Tech: Pioneering the Future of the Creator Economy

The Triller Technology Platform is revolutionizing how creators and brands connect with audiences and grow their businesses. Featuring a suite of award-winning AI tools, it empowers creators to scale fan relationships through instant, AI-powered conversations across WhatsApp, SMS, and social media. Additionally, Triller’s integrated influencer marketing tools optimize campaigns with advanced analytics, performance tracking, and ROI measurement, positioning it as a key player in the creator economy.

“We are dedicated to accelerating the success of creators and brands by providing cutting-edge tools that drive real results with the data to back it up,” said Manoj Malhotra, SVP of Tech Ops of Triller Platform. “Triller is committed to driving the next generation of tech that empowers our users to scale faster and smarter, while giving them full control.”

Triller’s rise signals a changing tide in social media, positioning it for dominance in the short-form video space by 2025. With these developments, Triller is set to shape the future of digital video content, solidifying its role as the leader of tomorrow’s ecosystem.

Click here to watch the Triller is Back Video.

For more details, please visit savemytiktoks.com.

Triller Corp is owned by Triller Group Inc.

About Triller Group Inc.

(Nasdaq: ILLR)Triller Group is a US-based company that operates two main businesses: the newly merged US- based social media operations (Triller Corp.), and the legacy operations of the Company in Hong Kong (“AGBA”).

Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. For more information, visit www.triller.co.

Established in 1993, AGBA is a leading, multi-channel business platform that offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. The Group is organized into four market- leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE Triller Corp

Technology

Cyngn Reports 2026 1st Quarter Financial Results

Published

17 minutes ago

May 13, 2026

Recent Operating Highlights:

Reported record expansion activity among enterprise customers, including additional autonomous vehicle deployments at existing customer sites.Expanded deployment activity across manufacturing, logistics, and agriculture environments, including new deployments at Vann Family Orchards and a WEG electric motor manufacturing facility.Continued investment in enterprise fleet management capabilities, including on-prem deployment options designed to support larger fleet operations and complex customer environments.Demonstrated accelerating operational utilization across customer sites, with Q1 2026 autonomous missions completed increasing more than 127% year-over-year and autonomous driving time increasing more than 60%.Expanded its intellectual property portfolio with the issuance of its 24th U.S. patent.Strengthened strategic relationships through continued collaboration with NVIDIA Isaac Sim.Closed $9.65 million registered direct offering, extending the company’s runway until 2028.

MOUNTAIN VIEW, Calif., May 13, 2026 /PRNewswire/ — Cyngn (NASDAQ: CYN) announced continued commercial and operational progress during the first quarter of 2026, reflecting growing enterprise adoption of its autonomous vehicle solutions and increasing deployment scale across customer environments.

During the quarter, Cyngn continued deepening its footprint within existing enterprise accounts, expanding autonomous vehicle deployments across additional routes, workflows, and facilities while enhancing the platform capabilities required to support larger fleet operations. Initial single-route deployments are increasingly evolving into broader automation initiatives spanning additional workflows, facilities, and vehicles.

This expansion dynamic was reflected in customer utilization metrics during the quarter. Across deployed environments, autonomous missions completed increased more than 127% year-over-year during Q1 2026, while autonomous driving time increased more than 60%. These gains reflect increasing operational adoption as customer sites transition autonomous vehicles into fuller production use.

Cyngn also continued expanding its commercial footprint across multiple industrial sectors. During the quarter, the company announced deployments at Vann Family Orchards and a WEG electric motor manufacturing facility, further extending the reach of its DriveMod Tugger platform across manufacturing, agriculture, and industrial material handling environments.

Alongside deployment growth, Cyngn continued investing in enterprise capabilities designed to support larger-scale customer opportunities. The company expanded development efforts around fleet management, operational scalability, and on-prem deployment configurations, enabling customers to deploy autonomous vehicle systems within more complex operational and IT environments.

Cyngn also strengthened its technology and intellectual property position during the quarter. The company was awarded its 24th U.S. patent and continued collaboration efforts involving NVIDIA Isaac Sim, supporting simulation, validation, and development workflows for autonomous vehicle deployments.

In March, Cyngn completed a $9.65 million registered direct offering, providing additional liquidity to support ongoing operations and growth initiatives, extending its runway to 2028.

The company believes these developments position Cyngn to pursue larger enterprise opportunities while deepening expansion within its existing customer base.

Q1 2026 Three Month Financial Review:

Revenue in Q1 2026 was $105 thousand compared to $47 thousand in the first quarter of 2025. Similar to prior year, first quarter of 2026 revenue consisted of EAS software subscriptions from DriveMod tugger vehicle deployments.

Total costs and expenses in the first quarter were $7.1 million, an increase of $1.8 million or 34% from $5.3 million in the first quarter of 2025. This increase was due to a $1.0 million increase in general and administrative (G&A) expenses, primarily driven by an increase in board of director’s pay in lieu of the equity component of the director compensation program for 2025 and an increase in marketing and advertising expenses. In addition, the company experienced a $0.8 million increase in research and development (R&D), primarily due to the change in accounting estimate related to capitalized software. There was an increase of $46 thousand in cost of revenue due to the deployment costs being recognized over the life of the awarded contracts. For the first quarter of 2026, other income (expense), net was $0.5 million compared to $1.3 million in the first quarter of 2025. The decrease in other income was primarily driven by the fair value measurement of warrants issued in the first quarter of 2025.

Net loss for the first quarter was $(6.5) million compared to $(3.9) million in the corresponding quarter of 2025. First quarter net loss per share was $(0.59), based on basic and diluted weighted average shares outstanding of approximately 11 million in the quarter. This compares to a net loss per share of $(3.40) in the first quarter of 2025, based on approximately 1.2 million basic and diluted weighted average shares outstanding.

Balance Sheet Highlights:

Cyngn’s unrestricted cash and short-term investments as of March 31, 2026 totaled $44.4 million compared to $34.7 million as of December 31, 2025. At the end of the same period, working capital was $45.8 million and total stockholders’ equity was $50.6 million, as compared to year-end working capital of $34.4 million and total stockholders’ equity of $38.8 million, respectively as of December 31, 2025. The Company had no debt as of March 31, 2026 and December 31, 2025 and to date, no member of the current management team has sold any shares of the Company’s stock.

CYNGN INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

March 31,

2026

2025

Revenue

104,573

47,152

Costs and expenses

Cost of revenue

57,350

11,813

Research and development

2,889,253

2,106,910

General and administrative

4,099,741

3,143,462

Total costs and expenses

7,046,344

5,262,185

Loss from operations

(6,941,771)

(5,215,033)

Other income, net

Interest income, net

22,070

74,819

Change in fair value of warrant liabilities

‒

1,136,677

Other income, net

432,942

91,890

Total other income, net

455,012

1,303,386

Net loss

(6,486,759)

(3,911,647)

Net loss per share attributable to common stockholders, basic and diluted

(0.59)

(3.40)

Weighted-average shares used in computing net loss per share attributable to
common stockholders, basic and diluted

11,008,586

1,150,882

CYNGN INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

March 31,

December 31,

2026

2025

ASSETS

CURRENT ASSETS

Cash and cash equivalents

5,131,502

990,023

Short-term investments

39,245,418

33,736,091

Accounts and other receivables

2,731,893

1,544,213

Inventory

1,784,315

2,039,655

Prepaid expenses and other current assets

1,034,644

910,605

TOTAL CURRENT ASSETS

49,927,772

39,220,587

NON-CURRENT ASSETS

Property and equipment, net

3,467,825

3,268,196

Right of use asset, net

5,754,120

5,971,800

Intangible assets, net

462,091

466,223

Other non-current assets

1,346,084

1,126,409

TOTAL NON-CURRENT ASSETS

11,030,120

10,832,628

TOTAL ASSETS

60,957,892

50,053,215

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES

Accounts payable

372,714

217,439

Deferred revenue

2,249,955

1,658,015

Accrued expenses and other current liabilities

862,020

2,615,734

Current operating lease liability

650,312

312,365

TOTAL CURRENT LIABILITIES

4,135,001

4,803,553

NON-CURRENT LIABILITIES

Non-current operating lease liability

6,253,061

6,495,256

TOTAL NON-CURRENT LIABILITIES

6,253,061

6,495,256

TOTAL LIABILITIES

10,388,062

11,298,809

Commitments and Contingencies (Note 12)

STOCKHOLDERS’ EQUITY

Preferred stock, Par $0.00001, 10 million shares authorized; no shares issued and
outstanding as of March 31, 2026 and December 31, 2025

‒

Common stock, Par $0.00001; 400,000,000 shares authorized as of March 31, 2026
and December 31, 2025; 13,608,281 and 7,974,380 shares issued and outstanding
as of March 31, 2026 and December 31, 2025, respectively

136

Additional paid-in capital

273,878,924

255,576,797

Accumulated deficit

(223,309,230)

(216,822,471)

TOTAL STOCKHOLDERS’ DEFICIT

50,569,830

38,754,406

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

60,957,892

50,053,215

CYNGN INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended

March 31,

2026

2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

(6,486,759)

(3,911,647)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

316,605

240,907

Stock-based compensation

386,289

536,244

Realized gain on short-term investments

‒

(67,160)

Accretion on short-term investments

(432,942)

‒

Change in fair value of warrant liability

‒

(1,136,677)

Change in assets and liabilities:

Accounts and other receivables

(1,187,681)

‒

Inventory

255,340

‒

Prepaid expenses, operating lease right-of-use assets, and other assets

(343,714)

(941,529)

Accounts payable

155,275

33,888

Deferred revenue

591,940

‒

Accrued expenses, lease liabilities, and other current liabilities

(1,657,962)

(1,267,094)

Net cash used in operating activities

(8,403,609)

(6,513,068)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipment

(289,489)

(178,453)

Acquisition of intangible asset

(4,932)

(655,574)

Disposal of assets

‒

1,960

Purchase of short-term investments

(20,978,738)

(23,015,397)

Proceeds from maturity of short-term investments

15,902,353

7,746,155

Net cash used in investing activities

(5,370,806)

(16,101,309)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from at-the-market equity financing, net of issuance costs

9,166,427

‒

Proceeds from public issuance of common stock, net of offering costs

8,749,467

‒

Issuance costs for public issuance of common stock and pre-funded warrants and
exercise of pre-funded warrants

‒

(1,025)

Net cash provided by (used in) financing activities

17,915,894

(1,025)

Net increase (decrease) in cash and cash equivalents

4,141,479

(22,615,402)

Cash and cash equivalents at beginning of period

990,023

23,617,733

Cash and cash equivalents at end of period

5,131,502

1,002,331

Supplemental disclosure:

Acquisition of property and equipment included in accounts payable and accrued
expenses

21,405

17,441

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn’s DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers.

Investor Contact:
Natalie Russell
CFO
investors@cyngn.com

Media Contact:
Luke Renner
Head of Marketing
media@cyngn.com

Where to Find Cyngn:

Website: https://cyngn.comX: https://x.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngnYouTube: https://www.youtube.com/@cyngnhq

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “will likely result,” “will continue,” “plans to,” “potential,” “promising,” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company’s reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company’s annual report on Form 10-K filed with the SEC on March 26, 2026. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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SOURCE Cyngn

Technology

MDJM LTD to Host Virtual Investor Meeting on May 15, 2026

Published

17 minutes ago

May 13, 2026

LETHAM, Scotland, May 13, 2026 /PRNewswire/ — MDJM LTD (OTC: UOKAF) (the “Company” or “MDJM”), an integrated global culture-driven asset management company, today announced that it will host a virtual investor meeting via Zoom on Friday, May 15, 2026, beginning at 9:30 a.m. Eastern Time.

During the meeting, the Company’s management team is expected to present the Company’s vision for its current business stage and related challenges, recent business developments and milestones, ongoing strategic initiatives, and future development plans, including advancements in international animation intellectual property development and international collaboration initiatives, Scottish cultural project and animation museum development, as well as acquisition and commercialization initiatives.

The virtual investor meeting will be open to investors and interested parties.

Virtual Investor Meeting Details

Date: Friday, May 15, 2026, 9:30 a.m. ET

Zoom Meeting Link: https://us06web.zoom.us/j/87101151746?pwd=UO71grewBaO7g9FpiOB8IEhqjSTuM7.1

Meeting ID: 871 0115 1746

Passcode: 319270

About MDJM LTD

MDJM LTD is a global culture-driven asset management company focused on transforming historical properties into cultural hubs that integrate modern digital technology with rich historical value. The Company has been expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. Fernie Castle is undergoing comprehensive architectural and landscape renovation planning in design collaboration with renowned architectural firm Kengo Kuma and Associates. As part of its broader strategy, MDJM seeks to position itself as a hub for artisan exchanges, art shows, and sales, leveraging its historical properties as platforms for promoting Eastern and Western cultural exchanges. This initiative reflects the Company’s commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit https://www.ir-uoka.com/.

Forward-Looking Statements

This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact:

Sherry Zheng

WAVECREST GROUP INC.

Phone: +1 718-213-7386

Email: sherry@wavecrestipo.com

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SOURCE MDJM LTD

Technology

Lam Research Corporation Announces Participation at Upcoming Conferences

Published

17 minutes ago

May 13, 2026

FREMONT, Calif., May 13, 2026 /PRNewswire/ — Lam Research Corporation (Nasdaq: LRCX) today announced that Tim Archer, President and Chief Executive Officer, and Doug Bettinger, Executive Vice President and Chief Financial Officer, will participate in the following upcoming investor conferences:

Tim Archer: Bernstein Strategic Decisions Conference on May 27, 2026, at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time)

Doug Bettinger: Bank of America Global Technology Conference on June 2, 2026, at 9:20 a.m. Pacific Time (12:20 p.m. Eastern Time)

Live audio webcasts of these presentations will be available to the public and can be accessed from the Investors section of Lam’s website at www.lamresearch.com. A replay of the audio webcasts will be available for two weeks following the respective presentation dates.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam is a FORTUNE 500® company headquartered in Fremont, California, with operations around the globe. Learn more at www.lamresearch.com.

IR Contact:

Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com

Source: Lam Research Corporation (Nasdaq: LRCX)

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SOURCE Lam Research Corporation