TikTok: Trump Demands A Cut From The App’s Potential Sale
The app, which has seen exponential growth since the COVID-19 enforced lockdowns began across the globe, gathered its popularity for its short-form video style and its often high standard of content created by users.
Tensions between the United States and China in recent years have led to a lack of trust between the two countries, with the issue continuing to spread across the globe. The UK has recently moved to begin a ban of Huawei technologies within the country. The Trump administration has shared concerns, and made accusations, towards TikTok, which is owned by ByteDance. The government believes that the app is providing the data of its users, a large portion of which are based in the US, to the Chinese government. These accusations have only intensified the tensions between the countries, with the government and officials representing Beijing rejecting them.
Recent developments in the conflict led to Trump threatening to ban the app over the weekend, until talks between Microsoft and the app’s US arm began for a buyout. President Trump has now warned that negotiations must be complete between Microsoft and ByteDance for TikTok by September 15th, or it will be banned in the country.
Discussions between Trump and Microsoft’s chief executive Satya Nadella took place on Sunday, and resulted in the company being given the green light to begin discussions over the acquisition. However, the deal did not come without its conditions.
Talking to reporters, Donald Trump said “Whether it's Microsoft or somebody else, or if it's the Chinese - what the price is, the United States could - should get a very large percentage of that price. Because we're making it possible."
The deal would see Microsoft incorporate all of TikTok’s operations across the United States and Canada, and would also extend to Australia and New Zealand. Due to the nature of the negotiations, and the US concerns over privacy, all discussions will be overseen by the US committee on foreign investment. This board will reserve the right to veto any agreement made.
China Daily, the official state paper of China, released an editorial report claiming that China would not accept the theft of one of its major technology companies. A spokesperson for the Chinese ministry of foreign affairs said “The US generalises the concept of national security and, without any evidence, presumptions of guilt and threats against relevant companies,” on Monday.
Ivy.ai’s new chatbot streamlines resources and policies
Ivy.ai, a creator of AI chatbots for higher education, is offering a chatbot that helps institutions streamline name, image, and likeness policies for athletic programmes.
This solution will allow athletic departments to dramatically reduce inbound inquiries while answering inquiries related to compliance, financial aid impact, how-to documents, and best practice training videos.
It will allow institutions to condense information in a way that is easily accessible and eliminates the need for student-athletes to read complicated manuals. Institutions can also engage with student-athletes via a real-time feedback loop to see which topics truly matter and what needs further clarification. This allows administrators to be proactive and provide a competitive edge in recruiting.
Helping institutions connect their students with information
“Athletic departments at colleges and universities are overwhelmed by the challenges posed by the name, image and likeness legislation,” said Mary Frances Coryell, Vice President of Strategic Alliances and Partnership.
“Ivy.ai is uniquely positioned in the market to help institutions connect their student-athletes with policies and information related to NIL such as state laws, restrictions and relevant contacts. Our chatbot can digest all relevant policy information and provide answers to student-athletes at any time on any device. We expect the NIL market to move quickly, so student-athletes deserve the answers on their terms, rather than exclusively during work hours.”
Primary use cases for the chatbot include:
- Answering commonly asked questions related to name, image and likeness
- Communicate policies such as state laws, restrictions and compliance regulations
- Provide contact information for various advisors and agencies
- Connect training materials for athletes to improve their branding
- Engage in two-way reactive and proactive communication to keep policies student-centric
Back in March 2020, the company offered schools a free COVID-19 Response System, including a customisable COVID-19 Response Bot, a human-to-human live chat system and an SMS Text platform. These services are offered completely free of charge.
"The customisable COVID-19 Response Bot will help schools connect their students with important information, such as the school's operational status, where to go for treatment, and what to do to help reduce the risk of spreading the virus. We already added that information to all of our clients' AI chatbots, and we found that in many cases students needed additional support. That's why we're including our human-to-human Live Chat system in this offer. The SMS Text platform can be used to drive awareness to this communications channel for your students." said Mark McNasby, CEO of Ivy.ai.