China’s government has restricted the export of ‘personalized content recommendation’ tools like the one used by TikTok’s app.
Talks for TikTok’s planned sale of its U.S. business have stalled after concerns emerged on whether the app’s algorithms can be included as part of the deal, nearly a week after the Chinese government restricted the export of artificial intelligence technologies including ‘personalized content recommendation’ tools like the one used by TikTok’s app....
TikTok’s Beijing-based parent ByteDance has said it would comply with the Chinese government order, and according to theOn Tuesday, Bloombergthat ByteDance’s regulatory team and deal negotiators were trying to find out whether it was still possible to craft a deal that would have approval from both the U.S. and China, an acquirer, venture investors and ByteDance itself.
The report noted that Beijing’s late involvement in the process could lead to ByteDance holding on to TikTok’s U.S. operation beyond the stated deadline or even backing out of the deal altogether, risking a ban in the U.S. as per an executive order signed by President Donald Trump.with Microsoft and Walmart who have put in a joint bid to acquire TikTok’s U.S. operations.
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