MegaLoL:
"Beijing has said the US spin-off of TikTok to be sold to American investors in a deal orchestrated by President Donald Trump will use parent company ByteDance’s Chinese algorithm.
Wang Jingtao, deputy head of China’s powerful cyber security regulator, on Monday said US and Chinese officials had agreed a framework that included “licensing the algorithm and other intellectual property rights”.
He said ByteDance would “entrust the operation of TikTok’s US user data and content security”, without elaborating.
Trump, who is expected to finalise the deal when he speaks to China’s President Xi Jinping on Friday, has again extended the deadline for the US app to be divested from its Chinese owner.
(...)
An Asia-based investor of ByteDance said the new US TikTok entity would use at least part of the Chinese algorithm but train it in the US on American user data.
“Beijing’s bottom line is a licensing deal,” said the investor. “Beijing wants to be seen as exporting Chinese technology to the US and the world.”
“It’s the ultimate Taco trade,” said one US adviser close to the deal, referring to the acronym “Trump always chickens out”. “After all this, China keeps the algorithm.”
https://www.ft.com/content/550e4680-89e7-4b59-bb5d-2064cd6799c7
#USA #Trump #SocialMedia #TikTok #China #Algorithms #RecommendationEngines #ByteDance
