President Donald Trump said he has American buyers ready for TikTok and could extend ByteDance’s divestment deadline, emphasizing he has no privacy or security concerns.
Chinese authorities have summoned major tech firms, including Tencent and ByteDance, over their purchases of Nvidia’s H20 AI chips, raising concerns about information security and urging companies to rely on domestic suppliers amid escalating regulatory scrutiny.
TikTok’s parent company, ByteDance, has developed a robotic system powered by artificial intelligence that can perform household chores such as folding clothes and cleaning tables.
Talks led by the White House to determine TikTok’s future are coalescing around a proposal that would have some of ByteDance’s largest non-Chinese investors increase their stakes and acquire the U.S. operations of the popular short video app.
Frank McCourt announced on Monday that Alexis Ohanian, co-founder of Reddit and a noted venture capitalist, has joined his bid to acquire TikTok's U.S. operations.
ByteDance’s TikTok announced a major investment plan during an event in Bangkok on Friday, revealing that the popular social media platform will invest $8.8 billion in data centres across Thailand over the next five years.
South Korea has accused the China-based AI startup DeepSeek of sending its user data to ByteDance, TikTok’s parent company, sparking a data privacy investigation amid growing concerns over the startup’s practices.
TikTok urges the US Supreme Court to block a looming ban, arguing the law violates free speech, as ByteDance faces a 19 January deadline to divest the app or face shutdown.
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