Schmidt Says He Considered Buying TikTok
Former Google CEO Eric Schmidt, says China is years behind the US when it comes to artificial intelligence. He also says he considered buying TikTok from its parent ByteDance. He speaks to Bloomberg's Caroline Hyde.
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TikTok and its Chinese parent company, ByteDance, are suing the U.S. government over a law that would ban the popular video-sharing app unless itโs sold to an approved buyer. The lawsuit filed Tuesday might set up what could be a protracted legal fight over its future in the United States. The companies argue that the new law vaguely paints ByteDance's ownership of TikTok as a national security threat in order to circumvent the First Amendment, despite no evidence that the company poses a threat. It also says the law is so โobviously unconstitutionalโ that its sponsors are instead portraying it as a way to regulate TikTokโs ownership.
