ByteDance and potential TikTok buyers explored the option of excluding the social media app’s AI technology from any sale, to circumvent fresh export restrictions by China and ensure a deal proceeds on schedule, Reuters reported.
The news agency stated other options discussed include seeking approval to transfer AI software to any buyer, licensing recommendation algorithms from ByteDance, or seeking a transition period from the Committee on Foreign Investment in the US.
Microsoft, Walmart [1], Oracle and Twitter were previously reported to be exploring an acquisition, after US President Donald Trump ordered ByteDance to offload its operations [2] in the country by mid-November.
But Chinese authorities last week threw a spanner in the works by adding AI technology to a rarely updated list of restricted products, which require ByteDance to get a licence [3] before completing a sale.
[1] https://www.mobileworldlive.com/apps/news-apps/walmart-eyes-e-commerce-gains-from-tiktok-deal
[2] https://www.mobileworldlive.com/featured-content/top-three/trump-gives-tiktok-owner-90-days-to-ditch-us-assets
[3] https://www.mobileworldlive.com/apps/news-apps/china-sets-up-roadblocks-to-tiktok-sale
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