Summary
The U.S. government has arranged for Oracle to oversee TikTok's algorithm and data security as part of a deal to separate TikTok's U.S. operations from its Chinese parent company, ByteDance. Oracle and Silver Lake will form a joint venture to manage TikTok's U.S. division, but the final details are still pending approval from both the U.S. and Chinese authorities. The arrangement addresses national security concerns over data privacy and the influence of Chinese law on the algorithm.
Key Facts
- Oracle will lead U.S. oversight of TikTok's algorithm and data security.
- The deal involves a new joint venture with Oracle, Silver Lake, and potentially other investors.
- President Trump is expected to issue an executive order supporting the deal's terms.
- China's approval and regulatory clearance are still required for the deal.
- The initiative aims to address security concerns about TikTok's ownership by ByteDance.
- The U.S. version of the TikTok algorithm must operate separately from the Chinese version.
- Oracle will ensure the U.S. data is handled securely and monitored effectively.
- The proposal is part of efforts to resolve ongoing trade tensions between the U.S. and China.
