TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.
With regulators watching closely, the outcome of this high-stakes deal could have far-reaching consequences for the tech industry and its users.
However, key parties involved in negotiations on a potential TikTok sale “do not appear to be taking Amazon’s bid seriously,” according to The New York Times.
Developed by co-founders Tori White (CEO) and Reed Harmeyer (CTO), Skylight offers a short-form video app experience with many familiar features, including an in-app video editor; the ability to comment, like, and share videos; set up your own user profile; and follow others.
Three senators have warned President Donald Trump that his handling of the TikTok ban puts Apple and other tech companies at risk of liability, potentially costing firms hundreds of billions of dollars.
The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
Apple, Google, and Oracle are still on the hook for as much as $850 billion for helping TikTok despite Trump's executive order.
Grok, a free artificial intelligence (AI) chatbot designed by xAI, is facing significant errors in different parts of the world.
Elon Musk has confirmed that Grok is now the top free app on the Google Play Store, surpassing ChatGPT and TikTok.