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Tech - South China Morning Post

Multinational pharmaceutical companies to benefit from new China guidelines: analysts Hong Kong lawmaker swipes at US lack of ‘clarity’ as city eyes crypto lead China’s Hesai adds colour to lidar to help EVs level up in self-driving ‘State-of-the-art’ models can struggle with basic office work, says AI executive Opinion | As AI evolves, school syllabuses must evolve with it Winner of second Beijing robot half-marathon smashes human world record by 6 minutes Asia’s supply chains could give it edge over US in AI race: Granite Asia’s Foo Chinese software firms defy ‘SaaSpocalypse’ with strategic AI partnerships Huawei retains lead in China smartphones, Apple shipments surge in first quarter China’s drug makers are speeding up – will AI be their secret weapon? Hong Kong seen leading Asia in push to scale stablecoins, HSBC says ByteDance, Tencent step up AI talent battle amid reports of DeepSeek loss White House and Anthropic CEO discuss working together amid Mythos AI fears Chinese LED chipmaker’s purchase of Dutch firm collapses after US opposition How Amazon uses closer China supply ties to counter tariffs, Shein and Temu ‘Horrible’ for US if DeepSeek AI models run on Huawei chips: Nvidia CEO Chinese platforms fined 3.6b yuan over ‘ghost’ takeaways amid cutthroat rivalry Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut How the rise of AI agents could finally make China’s open-source models pay ‘Buy what they can, steal what they can’t’: US lawmakers slam China’s AI tactics China’s lithium giant Ganfeng sees profit jump as EV, ESS battery demand soars Chinese tech giants, AI ‘godmother’ Li Fei-Fei race into world models Black market workarounds scale up for Claude as Anthropic tightens ID checks TSMC targets over 30% revenue surge in 2026, ramps up capex amid AI boom BrainCo’s brain-computer interface wows at HSBC summit with mind-controlled hand Chinese investors cheer Tesla’s AI chip progress, boosting shares of suppliers ASML boosts 2026 sales forecast despite shrinking China sales China’s EV battery giant CATL to set up mining arm to secure supply chain From ‘probing minds’ to verified account: how Musk’s stance on TikTok shifted Amazon bets on Shenzhen smart warehouse to cut merchant storage costs by 45%
US nears US$400 million settlement with TikTok on child-p...
Reuters · 2026-05-09 · via Tech - South China Morning Post

US President ⁠Donald Trump’s administration is nearing a US$400 million settlement with TikTok to resolve an ongoing lawsuit over alleged child-privacy violations, ABC News reported on Friday, citing sources familiar with the matter.

The White House declined to comment, referring questions to the Justice Department, ‌which did not immediately comment. TikTok did not respond to a request for comment.

ABC said the settlement monies would be used to fund Trump’s “beautification” projects in Washington, sources familiar with the discussions told ABC News. Trump has asked for US$10 billion from Congress to fund a wide range of projects in the District of Columbia area.

ABC reported ⁠that White House officials have held talks for weeks about whether they could legally use the ‌money to pay for Trump’s proposed 76-metre (250-foot) triumphal arch near Arlington National Cemetery.

Typically, settlements are used to aid victims. The Justice Department in 2024 ‌sued TikTok and parent company ByteDance for failing to protect children’s privacy on ⁠the social media app.

04:45

Is the proposed TikTok sale to US and global investors a done deal?

Is the proposed TikTok sale to US and global investors a done deal?

The ⁠US alleges that for years, millions of American children under age 13 have been using TikTok and that the ‌site “has been collecting and retaining children’s personal information”.