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Donald Trump Is Saying There’s a TikTok Deal. China Isn’t

Donald Trump Is Saying There’s a TikTok Deal. China Isn’t

US efforts to ban TikTok started during Trump’s first term in 2020. Months before he left office, Trump threatened to ban TikTok and another Chinese app WeChat. The Biden administration rescinded Trump’s executive orders on the topic but continued to scrutinize TikTok. The US congress eventually passed the Protecting Americans from Foreign Adversary Controlled Applications (PAFACA) Act in April 2024. This gave TikTok two options: divest from its Chinese ownership before January 19, 2025, or risk a federal ban.

The app briefly went dark in the US ahead of the deadline, then reappeared on app stores less than 24 hours later and resumed services for US users.

Since Trump returned to power, Washington’s stance on TikTok appears to have shifted. Trump has become a steadfast advocate for saving the app, which he credited with helping him win the support of young voters. He has repeatedly extended the deadline set by the PAFACA Act, most recently to December 16, 2025, which some experts have criticized as illegal.

The deal that is reportedly being proposed by the Trump administration could meet the requirements set by the PAFACA Act, says Alan Rozenshtein, an associate professor of law at the University of Minnesota Law School. But the fact remains that the deadline has been extended multiple times and American companies like Oracle and Apple have not paid fines for continuing to service the app.

“The way the law was written, the companies were liable for doing business with TikTok, up to $5,000 per US user. So if there are 170 million TikTok users [in the US], and they all used the platform in the last nine months, and each of these platforms and each of these companies has accrued potentially up to nearly $1 trillion in liability,” Rozenshtein claims. He notes that it’s unlikely the Trump administration will collect that fine.

Some experts in Washington believe the deal does not solve the perceived national security issues that sparked talk of a ban in the first place. “In plain terms, ownership change without technical separation is a violation of the law,” says Craig Singleton, a senior fellow at the Foundation for Defense of Democracies, a DC-based think tank. He compares the deal to a “joint custody” rather than the “divorce” that the PAFACA Act required.

The Chinese government has stressed in recent statements that the deal will include concessions from the US on non-TikTok issues, such as barriers to cross-border investment. “The US side needs to provide an open, fair and non-discriminatory environment for Chinese investors,” the Chinese readout of the call between Trump and Xi says.

If Beijing exchanges the TikTok deal for better trade terms, ByteDance and its original investors may lose out. “It’s not great. But it’s still better than being completely shut down and losing entirely to Meta. It’s probably like a C-minus outcome,” says Rui Ma, founder of Tech Buzz China, a research firm focused on Chinese tech.

Update 9/19/25 6:00pm ET: This story has been updated to include a statement posted by ByteDance.

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Minus Zero is set in 1949, two years after the first movie, “and continues the story of the Shikishima family as they face an all-new calamity,” according to the official logline. Apparently that includes shifting the setting from Tokyo to New York, as we see Godzilla right next to the Statue of Liberty. Stars Ryunosuke Kamiki and Minami Hamabe will be reprising their roles, while director Takashi Yamazaki — who is also making a giant robot movie called Grandgear — will once again be helming the film. Toho also says that Minus Zero will be the first Japanese movie filmed for IMAX.

It’s a busy time for the world’s most famous kaiju, who will also be appearing in the next entry in Legendary’s monsterverse with Godzilla x Kong: Supernova, and is currently featured in the Apple TV series Monarch: Legacy of Monsters. Godzilla Minus Zero, meanwhile, hits theaters on November 6th.

#Godzilla #stomps #York #teaser #trailerEntertainment,Film,News">Godzilla Minus Zero stomps through New York in first teaser trailer*insert Godzilla screeching sound* Here’s the very first look at the next big kaiju feature. Godzilla Minus Zero will continue the story of 2023’s Godzilla Minus One, which returned the franchise to the more grounded tone established in the original film, and while the new teaser trailer doesn’t show a whole lot, it suggests some big things for the series.Minus Zero is set in 1949, two years after the first movie, “and continues the story of the Shikishima family as they face an all-new calamity,” according to the official logline. Apparently that includes shifting the setting from Tokyo to New York, as we see Godzilla right next to the Statue of Liberty. Stars Ryunosuke Kamiki and Minami Hamabe will be reprising their roles, while director Takashi Yamazaki — who is also making a giant robot movie called Grandgear — will once again be helming the film. Toho also says that Minus Zero will be the first Japanese movie filmed for IMAX.It’s a busy time for the world’s most famous kaiju, who will also be appearing in the next entry in Legendary’s monsterverse with Godzilla x Kong: Supernova, and is currently featured in the Apple TV series Monarch: Legacy of Monsters. Godzilla Minus Zero, meanwhile, hits theaters on November 6th.#Godzilla #stomps #York #teaser #trailerEntertainment,Film,News

2023’s Godzilla Minus One, which returned the franchise to the more grounded tone established in the original film, and while the new teaser trailer doesn’t show a whole lot, it suggests some big things for the series.

Minus Zero is set in 1949, two years after the first movie, “and continues the story of the Shikishima family as they face an all-new calamity,” according to the official logline. Apparently that includes shifting the setting from Tokyo to New York, as we see Godzilla right next to the Statue of Liberty. Stars Ryunosuke Kamiki and Minami Hamabe will be reprising their roles, while director Takashi Yamazaki — who is also making a giant robot movie called Grandgear — will once again be helming the film. Toho also says that Minus Zero will be the first Japanese movie filmed for IMAX.

It’s a busy time for the world’s most famous kaiju, who will also be appearing in the next entry in Legendary’s monsterverse with Godzilla x Kong: Supernova, and is currently featured in the Apple TV series Monarch: Legacy of Monsters. Godzilla Minus Zero, meanwhile, hits theaters on November 6th.

#Godzilla #stomps #York #teaser #trailerEntertainment,Film,News">Godzilla Minus Zero stomps through New York in first teaser trailer

*insert Godzilla screeching sound* Here’s the very first look at the next big kaiju feature. Godzilla Minus Zero will continue the story of 2023’s Godzilla Minus One, which returned the franchise to the more grounded tone established in the original film, and while the new teaser trailer doesn’t show a whole lot, it suggests some big things for the series.

Minus Zero is set in 1949, two years after the first movie, “and continues the story of the Shikishima family as they face an all-new calamity,” according to the official logline. Apparently that includes shifting the setting from Tokyo to New York, as we see Godzilla right next to the Statue of Liberty. Stars Ryunosuke Kamiki and Minami Hamabe will be reprising their roles, while director Takashi Yamazaki — who is also making a giant robot movie called Grandgear — will once again be helming the film. Toho also says that Minus Zero will be the first Japanese movie filmed for IMAX.

It’s a busy time for the world’s most famous kaiju, who will also be appearing in the next entry in Legendary’s monsterverse with Godzilla x Kong: Supernova, and is currently featured in the Apple TV series Monarch: Legacy of Monsters. Godzilla Minus Zero, meanwhile, hits theaters on November 6th.

#Godzilla #stomps #York #teaser #trailerEntertainment,Film,News
Fluidstack, a startup that builds specialized data centers for AI companies, is in talks to raise a $1 billion round at an $18 billion valuation, potentially led by Jane Street, Bloomberg reports.

Should this deal come to fruition, it would more than double Fluidstack’s valuation in a matter of months.

In December, the company was reportedly raising around $700 million at a $7.5 billion valuation, sources told Bloomberg at the time, although it didn’t formally announce the close of that round. That round was said to be led by Situational Awareness, an AGI-focused fund founded by former OpenAI researcher Leopold Aschenbrenner, and backed by Stripe’s Collison brothers, former GitHub CEO Nat Friedman, and the AI investor and entrepreneur Daniel Gross.

Talks were apparently still ongoing for this round in February, at least with Google, which was considering kicking in $100 million to the round, The Wall Street Journal reported.

There’s good reason for the hype over Fluidstack. In November, Anthropic announced that it had signed a $50 billion deal with the startup to build data centers custom-designed for its needs in Texas and New York. Unlike hyperscalers like AWS, which serve all kinds of computing needs, Fluidstack’s infrastructure is built specifically for AI.

The deal was a huge vote of confidence for Fluidstack, a company that was relatively unknown in the U.S. Anthropic primarily uses AWS and Google Cloud to serve Claude (though it also has a partnership with Microsoft to supply Claude to that software giant’s customers). But just like rival OpenAI, Anthropic is growing so fast that it needs more capacity, and this deal gives Anthropic more control over its own cloud infrastructure.

This partnership is so significant to the startup that Fluidstack — which was spun out of Oxford and had been a rising star in Europe’s AI scene — relocated its headquarters from the U.K. to New York. Last month, it also pulled out of a key €10 billion AI project in France, Bloomberg reported, to focus on U.S. opportunities.

Techcrunch event

San Francisco, CA | October 13-15, 2026

In addition to Anthropic, it counts Meta, Poolside, Black Forest Labs, and others as customers. Prior to the deal with Anthropic, Fluidstack was probably best known for providing infrastructure to Mistral.

Fluidstack did not respond to a request for comment.

#data #center #startup #Fluidstack #talks #18B #valuation #months #hitting #7.5B #report #TechCrunchdata centers,fluidstack,neocloud">AI data center startup Fluidstack in talks for B round at B valuation months after hitting .5B, says report | TechCrunch
Fluidstack, a startup that builds specialized data centers for AI companies, is in talks to raise a  billion round at an  billion valuation, potentially led by Jane Street, Bloomberg reports.

Should this deal come to fruition, it would more than double Fluidstack’s valuation in a matter of months.







In December, the company was reportedly raising around 0 million at a .5 billion valuation, sources told Bloomberg at the time, although it didn’t formally announce the close of that round. That round was said to be led by Situational Awareness, an AGI-focused fund founded by former OpenAI researcher Leopold Aschenbrenner, and backed by Stripe’s Collison brothers, former GitHub CEO Nat Friedman, and the AI investor and entrepreneur Daniel Gross.

Talks were apparently still ongoing for this round in February, at least with Google, which was considering kicking in 0 million to the round, The Wall Street Journal reported.

There’s good reason for the hype over Fluidstack. In November, Anthropic announced that it had signed a  billion deal with the startup to build data centers custom-designed for its needs in Texas and New York. Unlike hyperscalers like AWS, which serve all kinds of computing needs, Fluidstack’s infrastructure is built specifically for AI.

The deal was a huge vote of confidence for Fluidstack, a company that was relatively unknown in the U.S. Anthropic primarily uses AWS and Google Cloud to serve Claude (though it also has a partnership with Microsoft to supply Claude to that software giant’s customers). But just like rival OpenAI, Anthropic is growing so fast that it needs more capacity, and this deal gives Anthropic more control over its own cloud infrastructure.

This partnership is so significant to the startup that Fluidstack — which was spun out of Oxford and had been a rising star in Europe’s AI scene — relocated its headquarters from the U.K. to New York. Last month, it also pulled out of a key €10 billion AI project in France, Bloomberg reported, to focus on U.S. opportunities.

	
		
		Techcrunch event
		
			
			
									San Francisco, CA
													|
													October 13-15, 2026
							
			
		
	


In addition to Anthropic, it counts Meta, Poolside, Black Forest Labs, and others as customers. Prior to the deal with Anthropic, Fluidstack was probably best known for providing infrastructure to Mistral.

Fluidstack did not respond to a request for comment.
#data #center #startup #Fluidstack #talks #18B #valuation #months #hitting #7.5B #report #TechCrunchdata centers,fluidstack,neocloud

Bloomberg reports.

Should this deal come to fruition, it would more than double Fluidstack’s valuation in a matter of months.

In December, the company was reportedly raising around $700 million at a $7.5 billion valuation, sources told Bloomberg at the time, although it didn’t formally announce the close of that round. That round was said to be led by Situational Awareness, an AGI-focused fund founded by former OpenAI researcher Leopold Aschenbrenner, and backed by Stripe’s Collison brothers, former GitHub CEO Nat Friedman, and the AI investor and entrepreneur Daniel Gross.

Talks were apparently still ongoing for this round in February, at least with Google, which was considering kicking in $100 million to the round, The Wall Street Journal reported.

There’s good reason for the hype over Fluidstack. In November, Anthropic announced that it had signed a $50 billion deal with the startup to build data centers custom-designed for its needs in Texas and New York. Unlike hyperscalers like AWS, which serve all kinds of computing needs, Fluidstack’s infrastructure is built specifically for AI.

The deal was a huge vote of confidence for Fluidstack, a company that was relatively unknown in the U.S. Anthropic primarily uses AWS and Google Cloud to serve Claude (though it also has a partnership with Microsoft to supply Claude to that software giant’s customers). But just like rival OpenAI, Anthropic is growing so fast that it needs more capacity, and this deal gives Anthropic more control over its own cloud infrastructure.

This partnership is so significant to the startup that Fluidstack — which was spun out of Oxford and had been a rising star in Europe’s AI scene — relocated its headquarters from the U.K. to New York. Last month, it also pulled out of a key €10 billion AI project in France, Bloomberg reported, to focus on U.S. opportunities.

Techcrunch event

San Francisco, CA | October 13-15, 2026

In addition to Anthropic, it counts Meta, Poolside, Black Forest Labs, and others as customers. Prior to the deal with Anthropic, Fluidstack was probably best known for providing infrastructure to Mistral.

Fluidstack did not respond to a request for comment.

#data #center #startup #Fluidstack #talks #18B #valuation #months #hitting #7.5B #report #TechCrunchdata centers,fluidstack,neocloud">AI data center startup Fluidstack in talks for $1B round at $18B valuation months after hitting $7.5B, says report | TechCrunch

Fluidstack, a startup that builds specialized data centers for AI companies, is in talks to raise a $1 billion round at an $18 billion valuation, potentially led by Jane Street, Bloomberg reports.

Should this deal come to fruition, it would more than double Fluidstack’s valuation in a matter of months.

In December, the company was reportedly raising around $700 million at a $7.5 billion valuation, sources told Bloomberg at the time, although it didn’t formally announce the close of that round. That round was said to be led by Situational Awareness, an AGI-focused fund founded by former OpenAI researcher Leopold Aschenbrenner, and backed by Stripe’s Collison brothers, former GitHub CEO Nat Friedman, and the AI investor and entrepreneur Daniel Gross.

Talks were apparently still ongoing for this round in February, at least with Google, which was considering kicking in $100 million to the round, The Wall Street Journal reported.

There’s good reason for the hype over Fluidstack. In November, Anthropic announced that it had signed a $50 billion deal with the startup to build data centers custom-designed for its needs in Texas and New York. Unlike hyperscalers like AWS, which serve all kinds of computing needs, Fluidstack’s infrastructure is built specifically for AI.

The deal was a huge vote of confidence for Fluidstack, a company that was relatively unknown in the U.S. Anthropic primarily uses AWS and Google Cloud to serve Claude (though it also has a partnership with Microsoft to supply Claude to that software giant’s customers). But just like rival OpenAI, Anthropic is growing so fast that it needs more capacity, and this deal gives Anthropic more control over its own cloud infrastructure.

This partnership is so significant to the startup that Fluidstack — which was spun out of Oxford and had been a rising star in Europe’s AI scene — relocated its headquarters from the U.K. to New York. Last month, it also pulled out of a key €10 billion AI project in France, Bloomberg reported, to focus on U.S. opportunities.

Techcrunch event

San Francisco, CA | October 13-15, 2026

In addition to Anthropic, it counts Meta, Poolside, Black Forest Labs, and others as customers. Prior to the deal with Anthropic, Fluidstack was probably best known for providing infrastructure to Mistral.

Fluidstack did not respond to a request for comment.

#data #center #startup #Fluidstack #talks #18B #valuation #months #hitting #7.5B #report #TechCrunchdata centers,fluidstack,neocloud

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