Oracle to Oversee TikTok's U.S. Algorithm in New Deal
TL;DR Summary
Oracle will lead US oversight of TikTok's algorithm and security under a deal involving a joint venture with Silver Lake and possibly other billionaires, aiming to address US national security concerns and separate TikTok from its Chinese parent ByteDance, with the US controlling the algorithm and data security.
- TikTok’s algorithm to be licensed to US joint venture led by Oracle and Silver Lake AP News
- TikTok’s algorithm will be overseen by Oracle in the US after the sale is completed CNN
- American Investors Will License and Oversee TikTok’s U.S. Version, White House Says The New York Times
- TikTok deal won't include 'golden share' or equity for U.S., Trump administration says CNBC
- Oracle stock rises as White House names software giant in TikTok deal; company announces CEO shake-up Yahoo Finance
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