Oracle Poised to Secure U.S. TikTok Algorithm as Part of New Deal

about 1 month ago

Tom Keen with Paul Sweeney and Bloomberg's John Tucker

"White House officials says Oracle could recreate and provide security for a new U.S. version of TikTok's algorithm. This comes under a deal that's taking shape right now to sell TikTok to a consortium of American investors. ... Data from U.S. users would be stored in a secure cloud managed by Oracle with controls established to keep out foreign adversaries, including China. So this is actually a key part of what legislators wanted with respect to Oracle. Shares of Oracle up 85% this year. Wow. Thank you for recommending that."

Oracle is under consideration to rebuild and secure a U.S.-specific version of TikTok's recommendation algorithm, in a deal structured to ensure American control over the platform's data. The initiative is aligned with legislative demands for data security and national control, and comes as Oracle shares have surged 85% this year, suggesting strong market momentum and investor interest.

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