US House passes act to ban TikTok unless ByteDance sells, citing national security concerns over Chinese ownership. Protecting Americans from potential threats.
ByteDance, the parent company of TikTok, is accused of secretly using OpenAI's ChatGPT to develop its own AI for China. Allegations raise concerns over data security, intellectual property, and U.S.-China rivalry.
TikTok, the popular social media platform, is planning to expand its e-commerce business and increase merchandise sales to $20 billion by the end of the year. The company is relying on growth in Southeast Asia to achieve this target while also working to expand sales in the US and Europe. With an in-app link, customers can easily purchase goods from the platform. This move to e-commerce will allow TikTok to diversify its revenue stream and possible turning point for the company.
ByteDance, the parent company of TikTok, is accused of secretly using OpenAI's ChatGPT to develop its own AI for China. Allegations raise concerns over data security, intellectual property, and U.S.-China rivalry.
Read about Sequoia Capital's three-way split, allowing its Indian/Southeast Asian arm to operate as Peak XV Partners and venture into new US territories without restrictions in the software sector. The firm has already made deals with US companies. New leadership is poised to make further progress.