Trump may create fund to buy TikTok from ByteDance: sources
DAVOS, Switzerland — President Donald Trump is hell-bent on saving TikTok, and one solution he and his people are considering is a bid to buy the popular video-sharing app from the Chinese. Bank officials said it was the creation of a U.S. sovereign wealth fund, On the Money reported. I learned. The deal will involve […]
ByteDance director confident TikTok deal will get done, sees options to avoid a sale
Major shareholders in Beijing-based TikTok owner ByteDance said Wednesday they are confident they can reach an agreement to ensure the video-sharing app stays online in the U.S. “other than a sale.” He suggested there might be options. table. TikTok received a lifeline from President Trump this week. President Trump issued an executive order delaying implementation […]
‘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 […]