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Thursday, August 6, 2020
Bangalore Bioinnovation Centre startups line up products to fight Covid-19 spread
Trump signs executive orders banning transactions with TikTok and WeChat
President Donald Trump signed an executive order on Thursday banning transactions with ByteDance, the parent company of popular app TikTok. The White House also announced that he signed a similar order banning transactions with Tencent-owned WeChat, a messaging app that is ubiquitous in China, but has a much smaller presence than TikTok in the United States, where it is used mainly by members of the Chinese diaspora. Both orders will take effect in 45 days.
INBOX: @realDonaldTrump has signed an executive order to ban TikTok in 45 days. pic.twitter.com/1zR4HgCPVj
— Andrew Feinberg (@AndrewFeinberg) August 7, 2020
MORE: @realDonaldTrump has also signed a similar order banning transactions with WeChat. pic.twitter.com/Y4nVlCVBke
— Andrew Feinberg (@AndrewFeinberg) August 7, 2020
The orders cite the International Emergency Economic Powers Act and the National Emergencies Act. It is important to note that naming the apps’ operations in the United States as a national emergency is an act that is highly unprecedented and the legality of the orders will likely be challenged. ByteDance is currently pushing back against the Indian government’s July decision to ban TikTok along with 59 other apps; like the U.S., India also cited national security concerns around user data collection.
Microsoft announced over the weekend that it is in negotiations to buy TikTok from ByteDance, naming September 15 as a deadline for negotiations. The order would take affect shortly after the deadline set by Microsoft for the deal. ByteDance reportedly agreed to give up its entire ownership in the app even though it had previously wanted to maintain a minority stake.
Trump announced at the end of last month that he planned to ban TikTok through the use of an executive order. The president and government officials, including Secretary of State Michael Pompeo, have made escalating comments over the past few weeks alleging that TikTok is a threat to national security. While TikTok is owned by ByteDance, the Beijing-based company (which also operates a Chinese version of the app called Douyin) has taken steps to distance TikTok from its Chinese operations, and claims that its data is stored outside of China.
The executive order on ByteDance said that “the spread in the United States of mobile applications developed and owned by companies in the People’s Republic of China…continues to threaten the national security, foreign policy, and economy of the United States. At this time, action must be taken to address the threat posed by one mobile application in particular, TikTok.”
In 45 days, transactions by any person or property subject to U.S. jurisdiction with ByteDance or any of its subsidiaries will be prohibited “to the extent that they are permitted under applicable law.” The order claims that TikTok’s access to user data including location, browsing and search histories “threatens to allow the Chinese Communist Party access to American’s personal and proprietary information–potentially allowing China to track the locations of Federal employees and contractors, build dossiers of personal information for blackmail, and conduct corporate espionage.”
Trump’s executive order on WeChat was less expected, but not a complete surprise because Pompeo named the messaging app earlier this week when he said Trump was planning to take action “shortly” on TikTok and other Chinese companies. Like ByteDance, Trump claims WeChat’s data collection is a national security threat and may give the Chinese Communist Party access to user information. The order also cites WeChat’s censorship of material deemed politically sensitive by the Chinese government.
TechCrunch has contacted ByteDance, TikTok, WeChat and Microsoft for comment.
This story is developing and will be updated.
Intercontinental Exchange has agreed to buy mortgage software company Ellie Mae for $11B from Thoma Bravo, which acquired it last year at a $3.7B valuation (Financial Times)
Financial Times:
Intercontinental Exchange has agreed to buy mortgage software company Ellie Mae for $11B from Thoma Bravo, which acquired it last year at a $3.7B valuation — Acquisition of Ellie Mae for $11bn moves NYSE-owner deeper into home loan technology — New York Stock Exchange owner Intercontinental Exchange …
Uber rides take Covid-19 hit but food-delivery business doubles
Trump signs an executive order to block all transactions with ByteDance starting Sept. 20, to address the "threat posed by TikTok" (Russell Brandom/The Verge)
Russell Brandom / The Verge:
Trump signs an executive order to block all transactions with ByteDance starting Sept. 20, to address the “threat posed by TikTok” — President Trump has signed a new executive order which will block all transactions with Bytedance, TikTok's parent corporation, in an effort to …
The Senate passed legislation to ban TikTok on federal devices, two weeks after the House passed a similar measure and following bans by the Army and TSA (Maggie Miller/The Hill)
Maggie Miller / The Hill:
The Senate passed legislation to ban TikTok on federal devices, two weeks after the House passed a similar measure and following bans by the Army and TSA — The Senate on Thursday unanimously passed legislation to ban the use of social media app TikTok on federal devices, weeks after the House approved a similar measure.
More than 20GB of Intel source code and proprietary data dumped online
Enlarge (credit: Tillie Kottman)
Intel is investigating the purported leak of more than 20 gigabytes of its proprietary data and source code that a security researcher said came from a data breach earlier this year.
The data—which at the time this post went live was publicly available on BitTorrent feeds—contains data Intel makes available to partners and customers under NDA, a company spokeswoman said. Speaking on background, she said Intel officials don’t believe the data came from a network breach. She also said the company is still trying to determine how current the material is and that, so far, there is no signs the data includes any customer or personal information.
“We are investigating this situation,” company officials said in a statement. “The information appears to come from the Intel Resource and Design Center, which hosts information for use by our customers, partners and other external parties who have registered for access. We believe an individual with access downloaded and shared this data.”
T-Mobile reports total Q2 revenue of $17.7B, up 30.5% YoY, adding 1.25M customers to reach 98.3M total, claims to be the second largest US wireless provider (Stephanie Condon/ZDNet)
Stephanie Condon / ZDNet:
T-Mobile reports total Q2 revenue of $17.7B, up 30.5% YoY, adding 1.25M customers to reach 98.3M total, claims to be the second largest US wireless provider — After finalizing its merger with Sprint in the second quarter and posting solid customer growth, T-Mobile says it has officially surpassed AT&T in the wireless market.
Wednesday, August 5, 2020
TikTok announces that it is setting up its first data center in Europe with a $500M investment in Ireland, says data of European users will be stored there (South China Morning Post)
South China Morning Post:
TikTok announces that it is setting up its first data center in Europe with a $500M investment in Ireland, says data of European users will be stored there — TikTok's European data centre in Ireland is expected to be operational by early 2022 Beijing-based parent company ByteDance …
Microsoft could use data culled from TikTok content, such as video of people of different ethnicities engaged in a variety of activities, to train its AI (Jay Greene/Washington Post)
Jay Greene / Washington Post:
Microsoft could use data culled from TikTok content, such as video of people of different ethnicities engaged in a variety of activities, to train its AI — More than merely appealing to the young users of TikTok, Microsoft could use the data culled from its videos to better compete against its AI rivals.
YouTube says it took down 2,596 accounts from China in Q2 for engaging in "coordinated influence operations" on political issues, up from 277 accounts in Q1 (Devin Coldewey/TechCrunch)
Devin Coldewey / TechCrunch:
YouTube says it took down 2,596 accounts from China in Q2 for engaging in “coordinated influence operations” on political issues, up from 277 accounts in Q1 — YouTube has banned a large number of Chinese accounts it said were engaging in “coordinated influence operations” on political issues, the company announced today.
Samsung Galaxy M31s with 64MP quad camera to go on sale today via Amazon
WhatsApp Pay awaits SC verdict to launch service
Uber's 10% recovery in India is its slowest
Government's move to ban apps will hurt Xiaomi India revenue: Analysts
MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)
Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...