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Good Morning! These are the technological news that you should know this Monday. Sign up here to have this email delivered to your inbox every morning.
- Oracle announced that it will become a minority investor in TikTok Global after President Trump indicated his approval. in a statement On Saturday night, TikTok confirmed the news and said it was also working with Walmart on a trade partnership.
- The United States decided to postpone its ban on TikTok downloads after parent company ByteDance struck deals with Oracle and Walmart. Commerce Secretary Wilbur Ross said in a statement Saturday that “recent positive developments” mean the deadline for the ban has been moved to 11:59 pm on September 27.
- A federal judge has temporarily blocked the Trump administration’s WeChat download ban. The US Department of Commerce had issued an order that would have required Apple and Google to remove WeChat from their respective US app markets.
- The EU wants to give itself the power to drive the American tech giants out of Europe. A regulatory plan includes massive sanctions to force tech companies to sell their European operations and even exclude them from the European single market.
- Trump said he has requested $ 5 billion from any TikTok deal aimed at teaching American children “the true history of our country.” Trump claimed Saturday that he had asked the leaders of Oracle, ByteDance and Walmart for the $ 5 billion cut.
- Trump’s travel ban likely accelerated the spread of the coronavirus in the United States, according to Bill Gates. Microsoft founder Bill Gates said the government’s travel ban earlier this year may have worsened the coronavirus outbreak in the United States.
- Jack Ma’s Ant is raising his IPO funding target to $ 35 billion, setting him on track for a record debut. Ant’s record IPO would value the firm at about $ 250 billion, according to Bloomberg.
- Twitter said it would investigate whether the neural network that selects which part of an image to display in a photo preview favors showing the faces of whites over blacks. Users posted examples over the weekend, notably of Mitch McConnell and Barack Obama, who appeared to prioritize white faces in the social media app’s photo previews, according to Mashable.
- Kindred Capital, a European tech investor who shares profits with the founders, has raised a second fund of $ 105 million. The fund has a novel model that shares the profits with the founders in whom it has previously invested.
- Kids in the UK now spend more money on ‘Fortnite’ and ‘Roblox’ than on candy and books. Kids are also saving 14% more money than in 2019 – that’s £ 104 ($ 135) a year, according to data from RoosterMoney.
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