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TikTok ban support
Sherwood News

TikTok bites back against ban

The Chinese owner of the social media app starts its appeal against a US-wide ban today

This morning, a US federal appeals court will hear the case for keeping TikTok — almost 5 months after the Senate voted overwhelmingly in favor of legislation which, at present, will see the popular social media app face a total nationwide ban if Chinese parent company ByteDance doesn’t sell its controlling stake by January 19, 2025. 

Tok of the town

A three-judge panel in Washington DC will hear ByteDance’s appeal against the bill later today, where company representatives — as well as 8 TikTok creators — will try to block the law, per the BBC. Technically, three different legal challenges will be heard: one from ByteDance, one from creators, and one from a conservative nonprofit organization. The crux of each argument will be different, but each is likely to incorporate the issue of free speech rights for the app’s more than 170 million US users.

Lawyers from the Department of Justice will then make the case for the ban, on the grounds of what initially led to the law’s passing earlier this year: concerns that data from TikTok’s US users could be collected and exploited by the Chinese government, posing a national security risk.

For what it’s worth, the public’s view on the issue has changed somewhat since then. A recent survey from Pew Research found that support for the ban fell from 50% in March 2023 to just 32% last month, concurrent with a relative increase in those opposing the ban, which now stands at 28%.

The idea of a TikTok ban has been kicked about the halls of Washington for years, first stealing headlines back in the summer of 2020 during President Trump’s White House tenure, before getting dropped by President Biden in 2021... then picked back up by Biden again, who officially signed the ban bill in April of this year.

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Amazon closes at all-time high

Fresh off strong earnings Thursday, Amazon saw its stock price end the week at a record closing high of $244.22.

The stock is up 10% so far this year.

The e-commerce and cloud giant beat analysts’ revenue and earnings, and its massive gain was responsible for more than all of the positive return delivered by the SPDR S&P 500 ETF on Friday.

tech
Rani Molla

Google uses an AI-generated ad to sell AI search

Google is using AI video to tell consumers about its AI search tools, with a Veo 3-generated advertisement that will begin airing on TV today. In it, a cartoonish turkey uses Google’s AI Mode to plan a vacation from its farm before it’s eaten for Thanksgiving.

Like other AI ad campaigns that have opted to depict yetis or famous artworks rather than humans, Google chose a turkey as its protagonist to avoid the uncanny valley pitfall that happens when AI is used to generate human likenesses.

Google’s in-house marketing group, Google Creative Lab, developed the idea for the ad — not Google’s AI — but chose not to prominently label the ad as AI, telling The Wall Street Journal that consumers don’t actually care how the ad was made.

Google’s in-house marketing group, Google Creative Lab, developed the idea for the ad — not Google’s AI — but chose not to prominently label the ad as AI, telling The Wall Street Journal that consumers don’t actually care how the ad was made.

tech
Rani Molla

Amazon, Alphabet, Meta, and Microsoft combined spent nearly $100 billion on capex last quarter

The numbers are in and tech giants Amazon, Alphabet, Meta, and Microsoft spent a whopping $97 billion last quarter on purchases of property and equipment. That’s nearly double what it was a year earlier as AI infrastructure costs continue to balloon and show no sign of stopping. Amazon, which reported earnings and capital expenditure spending that beat analysts’ expectations yesterday, continued to lead the pack, spending more than $35 billion on capex in the quarter that ended in September.

Note that the data we’re using here is from FactSet, which strips out finance leases when calculating capital expenditures. If those expenses were included the total would be well over $100 billion last quarter.

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