‘Pure Fiction:’ China’s TikTok Says Elon Musk Is Not Buying Platform from ByteDance
China's TikTok said recent reports that ByteDance is considering a sale to Elon Musk are “complete fiction.” TikTok is scheduled to be banned in the then-U.S. on Sunday. A TikTok spokesperson said: “We cannot be expected to comment on pure fiction.” said variety after being asked for comment on reports that the Chinese Communist Party […]
China’s ByteDance Flaunts U.S. Sanctions with Plan to Spend $7 Billion ‘Renting’ AI Chips
Chinese tech giant ByteDance, owner of TikTok, has invested heavily in cloud-based access to Nvidia GPUs to circumvent US sanctions that prevent it from directly purchasing high-performance processors used in AI. It is reported that they are planning. information report China's ByteDance has reportedly secured a staggering $7 billion budget to rent Nvidia GPUs through […]
House to block all ByteDance products from staff devices
TikTok’s parent company is having its final dance in the House of Representatives. All products from Chinese internet company ByteDance will be banned on House devices within two weeks, according to a notice sent to staff on Tuesday. ByteDance’s best-known product is TikTok, which has long been a target in Congress, with the House Steering […]
NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance
WASHINGTON – Millions of dollars from U.S. pension funds, including those for New York police officers and firefighters, are being taken away by TikTok’s Chinese-controlled parent company Byte, which is under standing orders from Congress to sell the popular social media platform. There is a high possibility that you are invested in dance. Otherwise you […]
TikTok, ByteDance sue US government to block law that could ban app from US
tick tock sued for block A law that would force applications to be sold from China-based parent company ByteDance or banned from entering the United States. TikTok and ByteDance argued in a lawsuit filed Tuesday against the U.S. government that the law, the Protection of Americans from Foreign Enemies Act, violates the First Amendment. Biden […]
TikTok, ByteDance sue to block US law seeking sale or ban of app
TikTok announced Tuesday that it has sued the Biden administration to block a new law that would force its China-based parent company ByteDance to sell within a year. Otherwise, the app will face a total ban in the US. The lawsuit, filed in the U.S. Court of Appeals in Washington, D.C., seeks a court order […]
ByteDance says it won’t sell TikTok business in US
TikTok’s Chinese parent company ByteDance has announced it will not sell the popular video-sharing app to continue operating in the United States, despite a possible ban under legislation signed by President Biden on Wednesday. . The bill, included in the foreign aid package signed by Biden, gives ByteDance up to a year to sell TikTok […]
China’s ByteDance Wants TikTok Shut down in U.S. if Legal Fight Fails
Chinese tech giant ByteDance reportedly wants to shut down TikTok in the US if a legal battle against recently passed ban or divestment legislation fails. TikTok’s China-based parent company ByteDance would prefer to shut down the app in the U.S. rather than sell it if the Chinese company cannot defeat the ban in court, four […]
TikTok owner ByteDance reportedly will shut down app rather than sell site as it faces ban
ByteDance, the owner of TikTok, has announced that if the China-based company exhausts all legal avenues to counter the US ban, it will not be able to keep up with popular videos despite growing interest from US buyers in the platform. It is reportedly choosing to shut down the sharing app rather than sell it. […]
Former TikTok Employees Say Company Works Closely with China’s ByteDance Despite Claiming Otherwise
Former TikTok employees reportedly say the app has worked closely with its parent company, Chinese tech giant ByteDance, despite claims to the contrary. TikTok CEO Shou Zi Chew told U.S. lawmakers in January that the app had severed most ties with ByteDance, which is beholden to the Chinese Communist Party, but former employees He said […]