Tech
Tik Tok ban – U.S. house committee makes a unanimous decision
The U.S. House Energy and Commerce committee has given the green light to a bill aimed at cracking down on TikTok and other Chinese-owned social media platforms.
The legislation, which seeks to address national security concerns, is part of a broader effort to safeguard American user data from potential misuse by foreign entities, as reported by Reuters.
Lawmakers aim to expedite the legislative process, with the U.S. House of Representatives considering the bill in the coming weeks.
Tick-tock, TikTok
The 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which has about 170 million U.S. users.
“This legislation has a predetermined outcome: a total ban of TikTok in the United States,” the company said after the vote.
“The government is attempting to strip 170 million Americans of their Constitutional right to free expression. This will damage millions of businesses, deny artists an audience, and destroy the livelihoods of countless creators across the country.”
The legislation’s resistance sets the stage for a potential legal and public relations battle as lawmakers push for the ban.
Chinese ownership
Lawmakers leading the initiative, such as Representative Mike Gallagher and Representative Raja Krishnamoorthi, stress the importance of addressing national security concerns associated with Chinese ownership of TikTok.
“TikTok could live on and people could do whatever they want on it provided there is that separation,” Gallagher said
“It is not a ban – think of this as a surgery designed to remove the tumor and thereby save the patient in the process.”
They propose the legislation as a strategic measure, aiming to remove the perceived threat while allowing the platform to continue operating with new ownership.
The closed-door classified briefing on national security concerns provided lawmakers with insights that likely influenced the unanimous vote, indicating a growing bipartisan consensus on the need to act swiftly and decisively regarding TikTok’s ownership structure.
Broader impact
The legislation’s broader implications extend beyond TikTok, potentially impacting Tencent’s WeChat, which faced a ban attempt by then-President Donald Trump in 2020.
Representative Mike Gallagher refrains from speculating on WeChat but underscores the ongoing debate over which companies might fall under the bill’s purview.
The bill proposes a 165-day window for ByteDance to divest from TikTok, with potential consequences for app stores like Apple and Google if divestment does not occur.
Tech
Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook
Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.
Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.
Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.
Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.
Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.
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Tech
Nvidia posts record revenue as AI fears shake investors
Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.
Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.
Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.
Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.
Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.
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Tech
Meta launches lawsuits over alleged scam advertising operations
Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.
Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.
Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.
Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.
While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.
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