US Billionaire Bids for TikTok in Quest for a New Internet Era


June 20, 2024

Tech News

US billionaire Frank McCourt is aiming to buy TikTok to protect the internet from the dominance of big tech platforms, which he believes are harming society and endangering children. McCourt is advocating for a “new Internet” that would allow users to control their own data, moving away from the control of major platforms like Instagram, YouTube, TikTok, or X. His project, Project Liberty, seeks to create an open-source, decentralized protocol for the internet. McCourt’s interest in TikTok comes amid a bill signed by President Joe Biden that requires TikTok to find a non-Chinese buyer or face a ban in the US.

SoftBank Group plans to expand its power generation business in the United States to supply power for generative artificial intelligence (AI) projects globally. Masayoshi Son, the founder of SoftBank, announced the initiative, emphasizing the company’s focus on renewable electricity businesses and investments in new technologies mainly outside Japan.

Ilya Sutskever, co-founder and former chief scientist of OpenAI, has launched a new AI company named Safe Superintelligence Inc. (SSI). The startup aims to develop a safe and powerful AI system, prioritizing safety alongside capabilities. SSI is co-founded by Daniel Gross, a former AI lead at Apple, and Daniel Levy, a former member of the technical staff at OpenAI. The company seeks to avoid short-term commercial pressures and focus solely on creating safe superintelligence.

The Honor 200 Pro has been launched in Malaysia, featuring a Snapdragon 8s Gen 3 processor, triple 50MP cameras, and a unique design. Priced at RM2,699, the smartphone offers 12GB of RAM, 512GB of storage, and comes with a range of high-end features including a 5,200mAh battery with 100W fast charging. The device is available for pre-order with various free gifts worth up to RM1,078.

A fugitive hiding in a Florida business was caught after his cellphone rang, revealing his hiding spot in the ceiling to the deputies. The suspect, wanted on charges including trafficking in stolen goods, was found after deputies noticed disturbed ceiling tiles and heard the ringing phone. He was charged with resisting an officer, felony criminal mischief, and multiple counts of violation of probation.

Tech Explained

Decentralized Protocol – A decentralized protocol is a system where multiple parties make decisions without a central authority. It allows for greater transparency, security, and control for users.

Artificial Intelligence (AI) – Artificial Intelligence refers to the simulation of human intelligence processes by machines, especially computer systems. It involves learning, reasoning, problem-solving, perception, and language understanding.

Open-Source – Open-source refers to software that is released with a license that allows users to study, change, and distribute the software to anyone for any purpose. It promotes collaboration and transparency in software development.

Renewable Electricity – Renewable electricity is generated from sources that are naturally replenished, such as sunlight, wind, and water. It is a sustainable and environmentally friendly alternative to traditional fossil fuels.

Superintelligence – Superintelligence refers to an AI system that surpasses human intelligence in almost every field, including scientific creativity, social skills, and general wisdom.

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