Chinese government officials have reportedly discussed a scenario where ByteDance sells TikTok’s United States arm to Elon Musk, should the Supreme Court uphold the law banning the app on January 19.
Bloomberg reports that China would strongly prefer for TikTok to stay under ByteDance’s ownership, but says government officials have considered a sale to Musk as part of a broader plan to work with incoming president Donald Trump’s administration. In that scenario, Musk’s X would acquire TikTok US, effectively absorbing the vertical video platform’s 170 million American users and billions in potential ad revenue.
A TikTok spokesperson called the report “pure fiction” in a statement to Variety.
The report states it is unclear how much ByteDance and TikTok know about China’s discussions of a Musk sale, potentially highlighting China’s alleged influence over the platform which brought about this law in the first place.
Stability AI’s new AI model turns photos into 3D scenes
Stability AI has released a new AI model, Stable Virtual Camera, that the company claims can transform 2D images into...
Arcade raises $12M from Perplexity co-founder’s new fund to make AI agents less awful
Arcade, an AI agent infrastructure startup founded by former Okta exec Alex Salazar and former Redis engineer Sam Partee, has...
Mark Zuckerberg says that Meta’s Llama models have hit 1B downloads
In a brief message Tuesday morning on Threads, Meta CEO Mark Zuckerberg said the company’s “open” AI model family, Llama,...
Coreshell has a plan to slash the price of American made batteries
The electric vehicle transition is really a story about China. There, subsidies have helped juice not just automakers, but the...
