Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection (Alex Weprin/The Hollywood Reporter)

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.

TikTok has announced the initiation of its long-anticipated separation from its Chinese parent company, ByteDance Ltd., by signing agreements for a new joint venture led by Oracle Corp. This marks a significant step in TikTok's efforts to address regulatory concerns in the U.S. and solidify its operational independence.

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.

Michigan regulators have unanimously approved DTE Energy's request to power a new data center being developed by Oracle and OpenAI, despite public opposition during the hearing. This decision marks a significant step in the collaboration between these tech giants as they expand their data infrastructure in the state.

Oracle has announced the launch of Oracle Database@Google Cloud in India, marking a significant step in its multi-cloud strategy aimed at enhancing its service offerings in the region. This initiative is expected to provide Indian businesses with advanced database solutions integrated with Google Cloud's infrastructure.

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.

Major tech companies, including Amazon, Meta, Alphabet, Microsoft, and Oracle, have significantly increased their debt levels in pursuit of advancing their artificial intelligence initiatives, raising concerns among investors about a potential economic bubble. Wall Street is apprehensive that this rapid accumulation of debt could lead to a destabilizing market situation.