Former Activision Blizzard executive Bobby Kotick, in the context of the upcoming law that will ban TikTok in the United States, expresses interest in purchasing the company, about which he informed ByteDance president Zhang Yiming. Additionally, according to other guests at the event, at the congressional gala dinner Allen & Co. Kotick shared the idea of buying TikTok with a group of people, including OpenAI CEO Sam Altman, and invited them to become his partners. .
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It is assumed that OpenAI could use TikTok to train its artificial intelligence models if Kotik could really raise capital to acquire the Chinese social network from the developer company, writes The Wall Street Journal.
Beijing parent company ByteDance is now at a disadvantage: A bill is pending in the US House of Representatives that would require it to transfer the rights to TikTok to local entrepreneurs. Otherwise, the platform will be banned from app stores and web hosting sites in the country.
ByteDance will have just over five months from the bill’s passage to meet these demands. The other day, President Biden said he would sign the law if Congress passes it.
This is a serious threat to TikTok, which has an audience of 170 million in the United States alone. The company intends to fight: it has already encouraged subscribers to express their opinions regarding their fundamental constitutional rights (in particular, freedom of expression).
Now the Chinese corporation can only hope to block the bill at the Senate level. Or, once the document is approved by Congress and signed at the presidential level, the option remains to challenge the legality of the bill, arguing that it violates the First Amendment of the Constitution.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
