A TikTok Ban and Everyone’s Trying to Make an AI Announcement 2/28/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 28 February 2023
⏱️ 7 minutes
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| 0:00.0 | Tic-Tac. It feels like it's just one of the smattering of headlines on this theme this morning, |
| 0:05.5 | and that is the US-China decoupling. It's in chips, it's in Tik-Toc, it's in Apple Supply Chain, |
| 0:11.7 | that building AI battle. |
| 0:13.2 | So let's get into one of them. |
| 0:14.3 | You guys mentioned TikTok. |
| 0:16.4 | The latest, we've been talking about this so much, |
| 0:19.2 | but there's another attempt to ban TikTok here in the United States and this attempt may actually |
| 0:24.8 | gain more traction than the previous ones we've seen. It's a bill being |
| 0:28.2 | introduced by Republican lawmaker and it is expected to advance in Congress and it could amount to the best |
| 0:34.4 | chance so far that we've seen of having a broader ban. What's different this |
| 0:38.1 | time will be laid out for you right here. The bill could effectively leapfrog |
| 0:41.4 | some of the other proposals because of who is pushing it through. |
| 0:44.4 | It also targets the rules are called the Berman rules that Tik-Toc has previously leaned on successfully. |
| 0:50.6 | And this is broader than government devices. |
| 0:53.0 | By the way, guys, I'm not sure if you saw it, but Canada also moving to ban |
| 0:56.2 | Tik-Tok on government devices. |
| 0:57.8 | The question, though, for a lot of investors is do we see a nationwide ban that would, of course, |
| 1:01.8 | have implications for the other social media |
| 1:03.7 | companies which we know Tik-Tok has been eating their lunch so this is all on the |
| 1:08.2 | table guys in terms of Tik-Tok and it plays into this broader theme of the |
| 1:11.8 | escalation of tensions between the US and China |
| 1:14.4 | that we're seeing in so many other places. I just wonder, Deirdre, if they ban |
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