Oracle won the bid for TikTok's US operations, beating out Microsoft and Walmart.If approved, Oracle will become TikTok's "trusted technology provider" in the US, in a deal that's less a sale and more a partnership, per .
Though the specifics are unclear, this likely means that TikTok's data will be processed through Oracle rather than sent to ByteDance's data centers in China, alleviating some of the national security concerns that caused President Trump to demand a ban back in August.stands to benefit in two main areas: First, TikTok will likely switch to Oracle's in-house cloud computing service for its servers and storage.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Yelp's Phoenix office: Insiders allege racism, sexism, partying - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside a $44 million Lake Tahoe estate that neighbors Mark Zuckerberg - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US postpones TikTok ban after Trump gives his 'blessing' to Oracle deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Azé Kokovivina du Togo Azé Kokovivina du Togo
Source: BusinessInsider - 🏆 729. / 51 Read more »