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FBI Director Christopher Wray looks on as he testifies before a Senate Judiciary Committee hearing entitled “Oversight of the Federal Bureau of Investigation,” on Capitol Hill in Washington, U.S. August 4, 2022. 

Jim Bourg | Reuters

Federal Bureau of Investigation Director Christopher Wray told lawmakers Tuesday that he is “extremely concerned” about TikTok’s operations in the U.S.

“We do have national security concerns at least from the FBI’s end about TikTok,” Wray told members of the House Homeland Security Committee in a hearing about worldwide threats. “They include the possibility that the Chinese government could use it to control data collection on millions of users. Or control the recommendation algorithm, which could be used for influence operations if they so chose. Or to control software on millions of devices, which gives it opportunity to potentially technically compromise personal devices.”

Wray’s remarks build on those from other government officials and members of Congress who have expressed deep skepticism about the ability of the Chinese-owned video platform to protect U.S. user information from an adversarial government. TikTok has maintained it doesn’t store U.S. user data in China, where the law allows the government to force companies to hand over internal information.

Wray said that law alone was “plenty of reason by itself to be extremely concerned.”

“As Director Wray specified in his remarks, the FBI’s input is being considered as part of our ongoing negotiations with the U.S. Government,” a TikTok spokesperson said in a statement. “While we can’t comment on the specifics of those confidential discussions, we are confident that we are on a path to fully satisfy all reasonable U.S. national security concerns.”

But reporting from Forbes has cast doubt on the security of U.S. user information at TikTok. The outlet reported, for example, that TikTok’s parent company ByteDance planned to use the app to monitor specific location details of certain American citizens, citing materials it reviewed. TikTok pushed back on the report, denying that it had ever tracked certain U.S. citizens with their specific locations and slamming Forbes for publishing the allegations.

Wray said that any details about TikTok’s actions would have to be discussed in a classified briefing. But he assured lawmakers that “it is certainly something that’s on our radar and we share your concerns.”

The Biden administration has reportedly been nearing a deal with the company to allow it to keep operating in the U.S. under more stringent security measures, according to The New York Times. Wray said the FBI’s foreign investment unit is working through the Department of Justice to help come up with a suitable solution as part of the foreign investment review process. He said the FBI’s input “would be taken into account in any agreements made to address the issue.”

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Instacart shares drop on report that FTC is probing company over AI pricing tool

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Instacart shares drop on report that FTC is probing company over AI pricing tool

Cheng Xin | Getty Images

Shares of grocery delivery service Instacart dropped about 7% in extended trading on Wednesday, following a report that said the U.S. Federal Trade Commission has begun an investigation into the company’s pricing practices.

The FTC sent a civil investigative demand to Instacart, Reuters reported, citing unnamed people.

A study released last week showed that prices for the same products in the same supermarkets that work with Instacart can vary by around 7%, which can result in over $1,000 in extra annual costs for customers. Instacart responded by saying that retailers determine prices listed in the app.

In 2022, Instacart spent $59 million to acquire Eversight, a company specializing in artificial intelligence-driven pricing and promotions for retailers and consumer packaged goods. Instacart sought to “create compelling savings opportunities for customers in real-time” with Eversight, according to a regulatory filing.

The FTC and Instacart did not immediately respond to requests for comment.

Read Reuters’ full report here.

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Cramer slams Amazon for considering a circular AI deal reminiscent of the dotcom bubble

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Cramer slams Amazon for considering a circular AI deal reminiscent of the dotcom bubble

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Amazon says AI chief Rohit Prasad is leaving, Peter DeSantis to lead ‘AGI’ group

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Amazon says AI chief Rohit Prasad is leaving, Peter DeSantis to lead 'AGI' group

Rohit Prasad, Senior VP & Head Scientist for Alexa, Amazon, on Centre Stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal.

Ben McShane | Sportsfile | Getty Images

Rohit Prasad, a top Amazon executive overseeing its artificial general intelligence unit, is leaving the company at the end of this year, the company confirmed Wednesday.

As part of the move, Amazon CEO Andy Jassy said the company is reorganizing the AGI unit under a more expansive division that will also include its silicon development and quantum computing teams. The new division will be led by Peter DeSantis, a 27-year veteran of Amazon who currently serves as a senior vice president in its cloud unit.

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