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Who will buy TikTok in the U.S.?

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

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.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Trump retreats in tech war with China – But why?

Trump reverses software rule for semiconductors; is the U.S.-China tech war calming? Insights from Brad Gastwirth.

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Trump reverses software rule for semiconductors; is the U.S.-China tech war calming? Insights from Brad Gastwirth.


In a stunning shift, the Trump administration has reversed a key rule restricting U.S. software used to design semiconductors.

Is the tech war with China cooling? Or is this just a calculated pause?

We ask Brad Gastwirth about the role of rare earths, diplomacy, and what it means for global chipmakers.

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#TechWar #ChinaTrade #Semiconductors #TrumpPolicy #ChipMakers #EDA #BradGastwirth #TickerNews

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Qantas cyber attack affects six million customers’ data

Qantas reports cyber attack affecting up to six million customers, compromising personal data but not financial details.

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Qantas reports cyber attack affecting up to six million customers, compromising personal data but not financial details.

In Short:
Qantas confirmed a cyber attack affecting up to six million customers, compromising personal information like names and email addresses, but not financial details. CEO Vanessa Hudson apologised and reassured that operations remain safe, while urging customers to utilise online security measures.

Qantas has confirmed that up to six million customers have been impacted by a significant cyber attack.

The airline stated that while passport and financial details were not compromised, hackers accessed personal information including names, email addresses, frequent flyer numbers, and dates of birth.

Suspicious activity was detected on Monday concerning a third-party platform utilized by Qantas contact centres. The airline acted immediately to contain the breach, asserting that operations and safety remain untouched.

Qantas specified that credit card information, financial data, and passport details were not stored in the compromised system. No frequent flyer accounts, passwords, or PINs were affected.

Qantas can confirm that a cyber incident has occurred in one of its contact centres impacting customer data. The system is now contained.

We understand this will be concerning for customers. We are currently contacting customers to make them aware of the incident, apologise and provide details on the support available.

The incident occurred when a cyber criminal targeted a call centre and gained access to a third party customer servicing platform.

There is no impact to Qantas’ operations or the safety of the airline.

Chief executive Vanessa Hudson apologised to customers and ensured collaboration with various cybersecurity authorities, including the Australian Cyber Security Centre and the Federal Police.

Hudson acknowledged the anxiety this incident may cause, affirming their commitment to customer data protection. Qantas is in the process of reaching out to affected customers to offer support.

The cyber attack follows similar incidents affecting other airlines, underlining the ongoing risks to travel companies.

A government spokesperson recommended that customers contact Qantas for assistance and suggested basic online security measures such as updating software, using strong passwords, and enabling multi-factor authentication.

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Meta wins court case over AI copyright

Meta wins court case, ruling AI training on copyrighted content qualifies as “fair use” and transformative. #Meta #AInews #Copyright

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Meta wins court case, ruling AI training on copyrighted content qualifies as “fair use” and transformative. #Meta #AInews #Copyright


Meta has scored a major courtroom victory in the ongoing legal battle over whether AI models can be trained on copyrighted content.

A U.S. federal judge ruled that Meta’s use of books and creative works to train its LLM (Large Language Model) is protected under the “fair use” doctrine, as its purpose was “transformative” and not designed to compete with the original authors.

#Meta #AInews #Copyright #TickerNews

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