Lawmakers grilled TikTok CEO Shou Zi Chew on Thursday in a high-stakes hearing on the future of the popular, Chinese-owned video sharing platform in the U.S.
“While TikTok videos provide a new, fun way for people to express their creativity and enjoy the videos of others, the platform also threatens the health, privacy, and security of the American people,” said Rep. Frank Pallone (D-N.J. 6th District) during the hearing.
With Congress weighing a bill to fully ban TikTok, Chew made the case that the company is committed to addressing lawmakers' concerns about privacy, user safety, and data security.
“Trust is about actions we take. We will firewall protect the U.S. data from unwanted foreign access," Chew said. "TikTok will remain a place for free expression and will not be manipulated by any government."
He also stressed that protecting younger users from harmful content would be a top priority and that TikTok would allow third-party monitors to scrutinize its operations.
In addition, Chew touted an effort called Project Texas, which aims to move all data collected from U.S. citizens to within the country.
These appeals mostly fell on deaf ears, with representatives from both sides of the aisle insisting that TikTok is working closely with the Chinese government.
"I still believe that the Beijing communist government will still control and have the ability to influence what you do," said Pallone in reference to Project Texas.
Chew responded to these accusations by repeatedly noting that TikTok is an independent company. “TikTok is not available in mainland China, and today we’re currently headquartered in Los Angeles and Singapore," he said.
Overall, the hearing was short on partisan bickering, as neither Democrats or Republicans had much positive to say about the platform.
“Welcome to the most bipartisan committee in Congress,” Rep. Buddy Carter (R-Ga. 1st District).
Updated with the latest information from the hearing.
Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Wall Street was quiet early following a lackluster session a day earlier as markets await U.S. inflation data and high-profile corporate earnings reports later in the week.
The World Economic Forum says false and misleading information supercharged with cutting-edge artificial intelligence is the top immediate risk to the global economy.
CES 2024 starts this week in Las Vegas. It's set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more. Here's a list of the coolest announcements so far.
Astronauts will have to wait until next year before flying to the moon and another few years before landing on it. NASA on Tuesday announced the latest round of delays in its Artemis moon-landing program.
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as independent contractors. The labor department rule going into effect Tuesday replaces a scrapped Trump-era standard that lowered the bar for classifying employees as contractors
The KC-46 was to be the ideal candidate for a fixed-price development program. Instead, it has cost Boeing billions, and made industry wary of such deals.