Trump Supports Musk’s TikTok Acquisition Amid $500 Billion AI Infrastructure Plan

Trump Supports Musk's TikTok Acquisition Amid $500 Billion AI Infrastructure Plan

(PatriotNews.net) – President Donald Trump’s warm reception to the idea of Elon Musk potentially purchasing TikTok has sparked curiosity about its implications for the U.S. economy and global tech dominance.

At a Glance

  • President Trump expressed support for Elon Musk acquiring TikTok.
  • Trump suggested that TikTok’s value is tied to obtaining a U.S. permit.
  • An executive order mandates TikTok to sell or face a ban within 75 days.
  • Trump announced a $500 billion AI infrastructure plan alongside top tech companies.

Trump Pushes for TikTok Plan

President Donald Trump has shown openness towards the possibility of Elon Musk acquiring TikTok. During a conversation with reporters, Trump hinted at Musk’s purchasing potential, considering his ties with China. By approving the sale, the former President believes it could enhance the U.S.’s technological stance and draw financial benefits from the transaction, as long as a substantial part is directed back to the nation.

Trump also placed significant emphasis on the necessity of a permit, without which TikTok’s valuation appears drastically understated. He broached the idea of a deal where half the purchase would benefit the U.S., effectively linking the permit’s issuance to national gain.

Permits Tied to U.S. Interests

“I met with the owners of TikTok, the big owners, it’s worthless if it doesn’t get a permit. It’s worth like a trillion dollars. So what I’m thinking about saying to somebody is, ‘buy it and give half to the United States of America, and we’ll give you the permit, and they’ll have a great partner.”

Amidst these discussions, Trump floated the name of Oracle co-founder Larry Ellison as an alternative buyer, adding to the intrigue of potential U.S. handlers for TikTok.

Ambitious AI Infrastructure Initiative

These developments surface against the backdrop of Trump’s ambitious $500 billion AI infrastructure plan. The plan seeks collaboration with top technology firms, including Oracle, Softbank, and OpenAI, to bolster America’s competitive edge in the global tech market. This major initiative aims to secure the nation’s prowess in AI development and align with Trump’s broader vision to secure technological sovereignty.

“I would be, if he wanted to buy it.” – President Donald Trump

As the clock runs on TikTok’s 75-day reprieve from a mandatory sell-or-ban executive order, the next steps taken by interested parties like Musk and Ellison could redefine American technology’s place on the global stage.

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