[ad_1]
SSince the reveal that Microsoft was exploring an acquisition for the US TikTok business, the “Forced sale” The Chinese company has attracted not only criticism from US users and the Chinese government, but has also invited offers from U.S. Businesses eager to tap into the mouthwatering “Gen Z” of 100 million app addicted Americans.
Donald Trump acted more like a greedy businessman than a respectable president when he blatantly demanded a cut – “key money” – from the TikTok-Microsoft deal. It had never happened before in the history of American corporate deals. Charlotte Jee, a reporter for MIT Technology Review, said Trump’s request for money from the deal shows Gangster behavior.
American teens who love TikTok generally believed Trump wanted avenge the humiliation caused by people like Sarah Cooper, a comedian who syncs with Trump’s speeches on TikTok by adding her own context to hilarious and insulting effect. American TikTok users had also made a joke at Trump’s campaign rally in Tulsa, Oklahoma.
The Chinese media, of course, have criticized the executive order issued by POTUS as “Stole” and labeled the U.S. as nothing more than a “rogue country”. They argued that like Huawei, the decision to ban TikTok was made because the app is a threat to American tech companies. The Trump administration was mocked for “stealing Chinese technology.”
The TikTok offering has seen Microsoft and Walmart team up to acquire the Chinese company’s business in the US.S., Canada, Australia and New Zealand. Its parent company, ByteDance, has also attracted Oracle’s interest. Twitter, Netflix, and even Triller, a rival app, reportedly joined the race to buy TikTok. A deal, if approved, will be worth between $ 20 billion for US $ 30 billion.
However, as a sign of protest and their reluctance to sell, TikTok has filed a lawsuit against the US. government on President Trump’s executive order, arguing that the ban prevents the company from due process, as guaranteed by the Fifth Amendment, which says that no one will be “deprived of life, liberty or property without due process of law.”
While the Trump administration has maintained that TikTok represents a National security threat because you could send us’ data to China, TikTok repeatedly rejected the claim. ByteDance is expected to argue in court that Trump’s order for TikTok’s US The operations will be sold or will face a ban is highly flawed due in large part to the U.S. ‘ inability to prove your claim.
In a dramatic move to level the playing field with the US.Beijing has made some modifications to its export rules on Friday. Specially designed to affect the possible sale of TikTok to Microsoft- Walmart, Oracle or any other U.S. companies, the new rules say that a license or Beijing approval is needed before companies can export their technologies.
Adding 23 items to its shortlist, including technologies such as data analytics-based personal information submission services and AI (artificial intelligence) interactive interface technology, would at least delay the sale and make the agreement was more difficult to conclude. ByteDance immediately said it would “Strictly comply” Chinese regulations on technology exports.
When users open TikTok, the first thing they see is the “For you” page, an endless stream of videos designed exclusively for each user. No two feeds are alike and this is believed to be the secret weapon which has made the app very popular. The engine, armed with the secret algorithm that powers the “For You” page, is the reason why TikTok has been downloaded more than 2 billion times.
For illustrative purposes, the TikTok “For you” The algorithm works like the Google search engine algorithm that dynamically determines which website or page on the Internet is the most relevant for a specific keyword or key phrase and displays first. Being featured on the “For You” page can make or break a TikTok influencer’s video and potential career.
The tricky part, according to Cui Fan, professor of international trade at the University of International Business and Economics in Beijing, is that ByteDance’s development work overseas is actually based on its domestic technology in China that provides the core algorithm. Basically, it means that you may need to transfer software codes or usage rights to the new owner of TikTok.
On August 6, USA. President Donald Trump issued an executive order to ban TikTok in 45 days, only to issue another executive order on August 14 giving ByteDance 90 days to ditch his U.S. operations. With the new rules in place, the Chinese government’s review and approval will take time, so the TikTok deal may be delayed until after U.S. elections in November.
Obviously, the tactic was to deny Trump an easy victory and hope that the deal could be scrapped if he was defeated. More importantly, it shows that a Chinese company owns the technology, AI (artificial intelligence)and IP (intellectual property) on the successful TikTok. It also shows that China’s AI is on par with, if not outperformed, that of the Americans.
ByteDance may also return the ball to the Trump administration, forcing a possible government-to-government conversation. By now, it’s as clear as a bell that TikTok poses no national security threat at all to the US.S. Otherwise, how do you explain the open support for Oracle, whose boss Larry Ellison is a personal friend and supporter of the U.S. president, own TikTok?
If in fact TikTok is a piece of spyware, as the U.S. government, the best and easiest way to get rid of it is ban it Yesterday. But they didn’t do that. Instead, Trump backs his friend’s offer for the so-called “dangerous” app. That only suggests that they actually wanted a piece of Chinese artificial intelligence that none of the American tech giants have.
ByteDance has been advised to seriously and cautiously consider suspending talks about the sale after its founder, Zhang Yiming, was criticized by Chinese internet users as a “traitor” who appeared to be caving in to the US.S. Pressure. Beijing could be using TikTok as a Chess piece to pressure the U.S. to make concessions, such as allowing greater access to Chinese technology, including Huawei.
But it’s also true that Beijing may not intend to sell TikTok even at the highest price range of US $ 30 billion. American tech giants like Facebook and Google have invested billions of dollars in artificial intelligence, speech and text recognition, and prediction of user behavior. TikTok owns that part of secret sauce and in the long run, it could earn more than $ 30 billion.
Even if the sale of TikTok is finally allowed, what is there to prevent Beijing from selling a part of a faulty motor containing millions of lines of faulty codes for Americans? The Chinese government does not need $ 20 billion or $ 30 billion from the sale of TikTok. The sight of a backlash from 100 million American teens against Trump as a result of TikTok’s removal from the app store is no longer priceless.
TWITTER FINANCE
.
[ad_2]
