Tech Brief (Sept. 26): Trump Approves TikTok Deal
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U.S. President Donald Trump signed an executive order on Sept. 25 approving a deal allowing TikTok to continue operating in the United States. Under the framework, a newly established U.S.-based joint venture, majority-owned and controlled by Americans, will operate TikTok’s U.S. business, controlling its algorithm, code and content moderation decisions.
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- Trump approved a deal allowing TikTok to continue U.S. operations with majority American ownership and control.
- Amazon will pay $2.5 billion in an FTC settlement for illegal Prime practices: $1 billion civil penalty, $1.5 billion refunds.
- Elon Musk sued OpenAI for allegedly poaching xAI employees and stealing trade secrets.
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Who’s Who
- Amazon
- Amazon reached a settlement with the U.S. Federal Trade Commission (FTC) on September 25. The FTC alleged that Amazon enrolled millions of consumers in Prime membership without consent and made cancellations difficult. As part of the settlement, Amazon will pay a $1 billion civil penalty, provide $1.5 billion in refunds, and cease illegal Prime sign-up and cancellation practices.
- TikTok
- According to the article, Donald Trump approved a deal on September 25, allowing TikTok to continue operating in the United States. This deal established a new US-based joint venture, majority-owned and controlled by Americans, to manage TikTok’s US operations, including its algorithm, code, and content moderation.
- Xiaomi
- Xiaomi launched a new smartphone line, the "Xiaomi 17," directly competing with Apple's iPhone 17 series through similar naming and design. Additionally, China's market regulator announced recalls of over 1.35 million power banks from Xiaomi, Anker, and Romoss.
- Anker
- Anker is one of three companies whose power banks were recalled by China's market regulator. Over 1.35 million power banks in total were recalled from these companies.
- Romoss
- Romoss is one of three companies (the others being Xiaomi and Anker) whose power banks were recalled by China's market regulator. Over 1.35 million power banks were recalled in total across the three companies.
- OpenAI
- Elon Musk has filed a lawsuit against OpenAI, alleging that the company induced former xAI employees to steal and share xAI's trade secrets. The lawsuit claims that OpenAI resorted to "plundering and misappropriating xAI’s technological advances, source code and business plans" when feeling threatened by competitors.
- Apple
- The provided article does not contain any information about Apple in English.
- xAI
- xAI is a company that Elon Musk claims OpenAI has unfairly targeted. He alleges that OpenAI induced former xAI employees to steal trade secrets, violating both state and federal laws. Musk further asserts that OpenAI resorted to stealing xAI's technological advancements, source code, and business plans when faced with competition from superior innovators.
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