Plus, TikTok asks the Supreme Court to delay enforcement of a law forcing its sale or banning the social-media app in the U.S. And state officials are pushing the federal government for answers about mysterious drone sightings. Danny Lewis hosts.
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[00:00:31] Here's your TNB Tech Minute for Monday, December 16th. I'm Danny Lewis for The Wall Street Journal.
[00:00:38] President-elect Donald Trump and SoftBank Group CEO Masayoshi Sun say the Japanese company plans to invest at least $100 billion in U.S. projects over the next four years.
[00:00:49] The Internet and Telecommunications Company estimates the investments will create about 100,000 jobs in artificial intelligence and emerging technologies.
[00:00:58] SoftBank says it expects the work to be completed before 2029, but it's unclear how the tech investor will pay for it.
[00:01:05] SoftBank has roughly $30 billion of cash on hand.
[00:01:09] TikTok is asking the Supreme Court to delay enforcement of a national security law that could effectively ban the social media app in the U.S. next month.
[00:01:17] Lawyers for TikTok and its Beijing-based parent company, ByteDance, filed an emergency application today asking the court to suspend the ban while TikTok appeals a lower court ruling.
[00:01:28] TikTok's lawyers said pausing the law would prevent the silencing of TikTok users the day before President-elect Trump's inauguration and allow the incoming administration to weigh in.
[00:01:37] Under the law, TikTok must sell its U.S. operations by January 19th or it will be effectively shut down.
[00:01:45] ByteDance has said it can't and won't sell TikTok, and the Chinese government has opposed a forced sale.
[00:01:50] And officials across the United States East Coast are pushing the federal government for more answers about the wave of mysterious drone sightings.
[00:01:58] Drone sightings were first reported last month in New Jersey, but have since spread to other states, including New York, Connecticut, Virginia, and Massachusetts.
[00:02:07] In a joint statement, the FBI and Department of Homeland Security said the reported drone sightings don't pose a threat to national security or public safety.
[00:02:16] For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.