EdTech Insight – Kevin O’Leary wants to buy TikTok at up to 90% discount. Here’s why

by | Mar 22, 2024 | CNBC, News & Insights

Executive Summary and Main Points

In a pivotal move within the social media landscape, TikTok’s potential divestiture has become an imminent possibility following decisive action by the U.S. House of Representatives. Key innovators, including Kevin O’Leary, have expressed interest in acquiring the platform, with bids ranging from $20 to $30 billion—a significant devaluation from its peak. The forced sale and subsequent re-creation of TikTok’s potent user-preference algorithms highlight the interplay between governmental influence, international business strategy, and digital transformation in the global education sector.

Potential Impact in the Education Sector

The repercussions of TikTok’s scenario reverberate through Further and Higher Education, as well as the Micro-credential space. The loss and recreation of TikTok’s algorithms may disrupt current educational engagements on the platform, but could also foster new strategic partnerships aimed at cultivating a rebranded “TikTok U.S.A.” for educational content delivery. This opens up opportunities for academia and the tech industry to collaborate on safeguarding data and customizing algorithms that resonate with ethical and cultural pedagogical practices.

Potential Applicability in the Education Sector

Artificial Intelligence (AI) and digital tools derived from a potential new TikTok algorithm can become crucial in designing cutting-edge educational content tailored to user demand. For global education systems, this implies leveraging data-driven insights to enhance learner engagement and outcomes. It further underscores the potential of AI to facilitate adaptive learning pathways for students worldwide, invigorating the delivery and personalization of educational content.

Criticism and Potential Shortfalls

The divestment showcases a case where geopolitics influence technological and educational ecosystems. While the re-creation of algorithms holds promise, there are realistic concerns about data privacy, effectiveness without the original code, and the cultural implications of an Americanized TikTok. Ethically, the reconstruction of educational content delivery algorithms must consider diverse learning needs without bias. Comparatively, the success of similar international cases may hinge on respecting cultural contexts and avoiding technological hegemony.

Actionable Recommendations

Leaders in international education should actively pursue dialogue with technology developers to influence the AI and algorithmic foundation of a potential TikTok U.S.A. Foresight in project collaborations can lead the way for an education-centric platform design. Partnering with tech innovators can also pilot the thoughtful integration of TikTok’s digital tools into the classroom, ensuring alignment with broader educational aims, fostering data security, and promoting inclusivity within digital transformation initiatives.

Source article: https://www.cnbc.com/2024/03/22/kevin-oleary-on-why-he-wants-to-buy-tiktok-.html