ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

Donald Trump signed an executive order delaying the US ban on ByteDance's TikTok for 75 days, starting January 19.

We are optimistic we will find a solution,” General Atlantic Chief Executive Officer Bill Ford said, speaking at the World Economic Forum in Davos.

Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.

During his first interview as the US President during his second term, Trump defended TikTok and said phones, computers made in China were a far bigger threat

Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that will give the social media platform more time amid a new U.S. law requiring a divestiture from its Chinese parent ByteDance.

US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.

Donald Trump will be sworn in as president Monday, returning to power to enact his sweeping vision of America after leaving his office in shame four years ago.

"There's no legal basis for any kind of 'extension'" to keep the popular social media app running, warned GOP Sens. Tom Cotton and Pete Ricketts on Sunday.

Here’s another bright idea from President Donald Trump. He just expressed openness to the idea of either Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok, a move that could have significant implications for the app’s future in the United States.

WASHINGTON – General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive order that halted a ban on the app for 75 days.