TikTok Says It Signed Agreements for New US Joint Venture

The TikTok US deal is set to close on January 22, with terms that include retraining the recommendation algorithm using US user data and Oracle overseeing data protection. Abu Dhabi's state investment fund will also be a managing investor in this significant transaction.

TikTok has signed a deal to divest its U.S. operations to a joint venture led by American investors, including Oracle, Silver Lake, and MGX, who will collectively own 45% of the entity, while ByteDance retains approximately 20%. This move is part of TikTok's strategy to address regulatory concerns in the U.S. and streamline its operations.

ChatGPT has achieved a significant milestone, reaching $3 billion in lifetime mobile consumer spending within just 31 months, outpacing other popular apps like TikTok and major streaming services. This rapid financial growth highlights the app's increasing adoption and user engagement in the mobile market.

A hacker has taken control of a mobile phone farm consisting of 1,100 devices, which has been used to generate covert AI-driven advertisements on TikTok. This incident raises concerns about the security of digital platforms and the potential for misuse of AI technologies in advertising.