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TikTok, Tesla Are Just the Start of US-China Clash Over Big Data [BNN Bloomberg (Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
President Joe Biden last week signed legislation barring Chinese parent ByteDance Ltd's ownership of TikTok, a move aimed at preventing Beijing from accessing troves of data that the video sharing app collects from its 170 million American users. The law takes a page out of China's playbook, viewing the potential misuse of data as a national security threat. Although Beijing has long adopted far more restrictions on US companies in China, authorities have embraced firms that play by its rules and agree to store data locally. Elon Musk's Tesla Inc. is a prime example: Bloomberg reported Monday that it will partner with Beijing-based tech giant Baidu Inc. for mapping and navigation functions to deploy autonomous driving features — data only entrusted to a select group of Chinese companies. The US now appears to be moving “away from an open internet with unrestricted data flows and towards selected fragmentation based on national security concerns,” said Caitlin Chin-Rothmann, a fel
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