According to 19fortyfive, the recent TikTok Congressional hearing showed how sophisticated technology from Big Tech firms affects our national security, economy, and personal safety.
Based on U.S. intelligence, ByteDance, which owns TikTok, and the Chinese government may collect intelligence and influence U.S.
TikTok’s worldwide reach, smart algorithms, and expanding profits show that China can compete with the United States in advanced technology.
The report suggests that China will dominate the globe if it wins this competition. This might happen if U.S. tech giants’ activities and investments are restricted.
U.S. tech companies and Beijing’s national champions are competing, and the trends are against us. An Australian think-tank found that Chinese enterprises led the U.S. in 37 of 44 technologies of this century. Even conservative estimates recognize China’s microelectronics, 5G, and AI advantages.
American IT businesses need competence and capacity to compete against China. Private enterprises must be able to build and support crucial human capital and hardware. Advanced AI applications demand more processing power. Cloud services for commercial and government demand need ongoing expenditures.
According to the report, the TikTok hearing shows that the U.S. is taking China’s sophisticated technological rivalry seriously. Chinese electronic items, especially sensing and communications, are banned. Chinese enterprises cannot use Western chipmaking technologies.
The CHIPS and Science Act aims to boost U.S. microelectronics research and manufacturing. Congress and the Biden administration are trying to help the U.S. technology industry compete with China, but they are also pushing policies and legislation that will hurt Big Tech businesses.
According to a report,12 senators from both parties in Congress plan to present a measure allowing Commerce Secretary Gina Raimondo authority to prohibit foreign-based technology like TikTok if deemed a danger to national security.
Concerned that user data may be handed into the Chinese government, the Committee on Foreign Investment in the United States (CFIUS) in 2020 ordered Chinese business ByteDance to sell TikTok.
TikTok and CFIUS have been actively negotiating a national security deal for nearly two years.