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Marketplace Tech

Bytes: Week in Review: The White House joins TikTok

Marketplace Tech

Marketplace

News, Technology

4.51.3K Ratings

🗓️ 22 August 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

On this week’s “Marketplace Tech Bytes: Week in Review,” Meta is under scrutiny on Capitol Hill after an investigation revealed troubling policies about how the company's chatbots can interact with children. Plus, the White House has officially joined TikTok, despite a looming deadline next month in the on-again-off-again effort to force the app's Chinese owners to divest or face a nationwide ban. But first, the Trump Administration itself is looking to claim a 10% equity stake in a different tech company - the chipmaker Intel. That stake would be in exchange for the grant money it was promised under the Biden Administration's CHIPS act. Marketplace’s Meghan McCarty Carino spoke with Maria Curi, tech policy reporter at Axios, to learn more.

Transcript

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0:00.0

Once again, META is uniting the political parties in outrage.

0:06.0

From American Public Media, this is Marketplace Tech.

0:08.7

I'm Megan McCarty Carrino.

0:19.3

Meta is under scrutiny on Capitol Hill after an investigation revealed troubling policies

0:25.6

about how the company's chatbots can interact with children.

0:29.9

We'll get into that on today's Marketplace Techbytes week in review.

0:33.9

Plus, the White House has officially joined TikTok, despite a looming deadline next month in the on-again, off-again effort to force the apps Chinese owners to divest or face a nationwide ban.

0:47.1

But first, the Trump administration itself is looking to claim a 10% equity stake in a different tech company, the chipmaker Intel.

0:56.5

That would be in exchange for the grant money it was promised under the Biden administration's

1:01.0

Chips Act. We spoke with Maria Curie, tech policy reporter at Axios, to learn more.

1:06.9

Intel has been struggling to compete with its chip and AI competitors in Vidia, TSM,

1:13.8

you know, its leader, Pat Gelsinger was ousted in December. It, you know, instituted a new leader.

1:20.0

You know, Donald Trump went after him for allegedly having ties to China. But after a White

1:24.8

House meeting, you know, this is kind of where this new equity idea

1:28.8

came from, you know, to backtrack to on the Trump administration side, it has never really been

1:33.7

a fan of the Chipson Science Act. The president trashed it during the election. There was some talk

1:40.2

on whether or not it would survive and how those grants would evolve. And this is kind of the

1:44.8

latest solution that has come up from the White House. Right. I think there have been a lot of

1:49.8

questions about what might happen to these funds in the CHIPS Act. Obviously, the Trump administration,

1:56.6

while it has, you know, overtly criticized that bill has seemed to support the overall goal of bringing

2:04.6

more chip production back to the U.S., though it has favored kind of a stick approach compared

2:09.8

to the carrot approach with tariffs. But is this kind of a way to split the difference?

...

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