Tech

Who will buy TikTok in the U.S.?

Published

2 months ago

March 15, 2024

Former U.S. Treasury Secretary Steven Mnuchin is assembling an investor group to pursue the acquisition of TikTok, according to a report from CNBC.

Former Treasury Sect. Steve Mnuchin on CNBC says he is putting “together a group” of investors to buy TikTok

“I think the legislation should pass and I think it should be sold. It’s a great business and I’m going to put together a group to buy TikTok. This should be owned by… pic.twitter.com/u6ruuZNmZJ

— Mona Salama  (@ByMonaSalama) March 14, 2024

This development comes on the heels of the U.S. House of Representatives passing a bill that would compel ByteDance, the Chinese owner of the popular short-video app, to divest its U.S. assets within approximately six months or face a ban.

In response to the bill, TikTok characterized it as a “ban” and urged senators to heed the concerns of their constituents before making any decisions.

Read more – The US bill that could test digital dollars

“I think the legislation should pass and I think it should be sold,” Mnuchin remarked during an interview on CNBC’s “Squawk Box” on Thursday.

“It’s a great business and I’m going to put together a group to buy TikTok,” he added.

TikTok CEO Shou Zi Chew said that the company intends to exercise its legal rights to prevent a ban.

The prospect of Mnuchin leading an investor consortium to acquire TikTok signals a potential shift in the app’s ownership landscape amid ongoing regulatory scrutiny and geopolitical tensions.

News

OpenAI prepares search software to rival Google

Published

10 hours ago

May 9, 2024

Nathan Langridge

OpenAI is gearing up to launch a groundbreaking AI-powered search product, aiming to compete directly with Google’s dominant search engine.

By harnessing the power of AI, OpenAI aims to deliver more accurate and relevant search results, potentially revolutionising the way people access and consume information online.

Russ Macumber from Impressive joins to discuss. #trending #featured

Leaders

Why every business needs end-to-end observability

Published

1 day ago

May 8, 2024

ticker NEWS

In today’s fast-paced business landscape, organisations often grapple with complex IT systems which hinder operational efficiency.

To overcome the IT system shock, selecting the right vendor partner is crucial – as such, opting for end-to-end “observability” could be the right IT solution.

Observability provides comprehensive insights into every layer of the IT ecosystem to help businesses eliminate tool sprawl and enable proactive maintenance, optimised resource utilisation, and streamlined operations.

Rahul Tabeck, regional sales director ANZ at SolarWinds joins to celebrate the 25th anniversary of SolarWinds and discuss the changes the company has witnessed during their quarter of a century in the IT sector.

News

How Google’s Gemini AI will stand against cyber threats

Published

2 days ago

May 8, 2024

ticker NEWS

AI takes centre stage at the RSA 2024 conference with Google unveiling advanced cybersecurity integration.

Among the myriad of announcements at this years RSA Conference, Google showcased the integration of an advanced Threat Intelligence Platform into its Gemini AI framework.

Tom Finnigan from Talkingbrands.ai joins from the RSA Conference to discuss. #featured #trending