Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Revamped ‘TikTok USA’ Expected Next Month Wesley Hilliard / AppleInsider : US investors to close deal on 50% ownership of TikTok January 22 Sports Business Journal : TikTok sale becomes official, with...
Senate testimony: Sarah Wynn-Williams alleges that Meta briefed China on US AI efforts, “ignored warnings” on China potentially accessing US user data, and more
Former Facebook executive Sarah Wynn-Williams testified before the Senate Judiciary Committee Wednesday …
DeepSeek's privacy policy shows broad data collection and says content that users give to its models, like text, audio, and files, is stored on servers in China
Amid ongoing fears over TikTok, Chinese generative AI platform DeepSeek says it's sending heaps of US user data straight to its home country …
In a letter, two US senators accuse TikTok of misleading Congress on the company's handling of US user data, demanding answers to 12+ questions by June 16
Sapna Maheshwari / New York Times :
TikTok CEO Shou Chew says Oracle has begun reviewing TikTok's source code and the app is “on track” to have all US user data hosted and overseen by Oracle
Bloomberg :
The Senate Intelligence Committee asks the FTC to investigate whether TikTok misled US lawmakers about China-based ByteDance employees accessing US user data
Emily Baker-White / Forbes : Source: Select Committee on Intelligence .
Interviews reveal TikTok's Project Texas, an effort to rebuild its internal systems to keep US user data in the US and limit its access to a new US-based team
A look at Binance, which sources say could be worth $300B if it goes public, as its unfettered, unregulated growth comes to an end amid global scrutiny
absent headquarters, offices and licenses. Now governments are asserting control. https://www.wsj.com/... Patricia Kowsmann / @kowsmann : This is the story of Binance. In 2017 it started offering trad...
Ex-TikTok staff say its boundaries with ByteDance are non-existent, with ByteDance involved in decision-making; source: ByteDance has access to US user data
- Former TikTok employees say there is cause for concern when it comes to the popular social media app's Chinese parent company.
US delays TikTok ban by a week, as company says Oracle and Walmart may take 20% stake in TikTok Global's pre-IPO round, host US user data and computer systems
or crazy volatile? Or if monetization goes slower than expected? Jason Keath / @jasonkeath : Walmart (and Oracle) still somehow won out as a partial owner ok TikTok (in principle) at 7.5%. Another imp...