The Chinese government has announced new restrictions on exports of artificial intelligence technology that could further complicate the sale of TikTok’s U.S. operations (BDNCE), WSJ reports.
The new restrictions cover computer and data processing technologies such as text analysis, content recommendation, speech modeling and speech recognition, technologies that the government says cannot be exported without license from local trade authorities.
China’s Xinhua News Agency quotes a government trade adviser who said ByteDance should study the new export list and “seriously and carefully” consider whether or not to halt its sales negotiations.
China’s Ministry of Commerce says it is imperative to adjust the list, given the rapid development of science and technology and “continuous improvement” of China’s industrial competitiveness; the government last amended its technology export list in 2008.
Microsoft (NASDAQ: MSFT), Walmart (NYSE: WMT) et Oracle (NYSE: ORCL) have all expressed interest in acquiring TikTok.