TikTok has until April to finalize a sale to a U.S.-based buyer, yet uncertainties about the future of the short-form video app remain.
However, a new report has emerged, suggesting that Oracle is the leading candidate to serve as the cloud technology partner for managing TikTok in the U.S., according to The Information.
Sources including investors, bankers, and former executives familiar with TikTok’s parent company, ByteDance, told the outlet that the company favors Oracle over other cloud providers. Since 2022, TikTok has been utilizing Oracle servers to store data of U.S. users, making it a likely option for this deal.
The report suggests that ByteDance still wants to have a hands-on role in TikTok’s operations, with Oracle as a partner.
Additionally, President Trump has shown support for Oracle’s role in the deal.
Oracle hasn’t responded to requests for comment.
Chinese marketplace DHgate becomes a top US app as trade war intensifies
The Trump trade war has gone viral on TikTok, pushing a Chinese e-commerce app, DHgate, to the top of the...
Hertz says customers’ personal data and driver’s licenses stolen in data breach
Car rental giant Hertz has begun notifying its customers of a data breach that included their personal information and driver’s...
OpenAI plans to phase out GPT-4.5, its largest-ever AI model, from its API
OpenAI said on Monday that it would soon wind down the availability of GPT-4.5, its largest-ever AI model, via its...
Google’s newest AI model is designed to help study dolphin ‘speech’
Google’s AI research lab, Google DeepMind, says that it has created an AI model that can help decipher dolphin vocalizations,...
