TikTok signs deal to sell US unit to American investors

The ongoing negotiations regarding a deal between Trump and TikTok are reportedly advancing, bringing the potential agreement closer to fruition. This development follows a series of discussions aimed at addressing regulatory concerns surrounding the popular social media platform.

TikTok's Chinese parent company has finalized a deal to sell its U.S. operations to American investors, ensuring the platform's continued presence in the U.S. market. This agreement involves significant stakeholders such as Oracle and Silver Lake, who will hold a majority stake in the new U.S. unit.

Oracle has launched its A4 Standard cloud instances featuring AmpereOne M cores, which provide high-performance CPU configurations and emphasize silicon neutrality for flexible deployments. This move marks a significant step in expanding Oracle's cloud offerings beyond its Oracle Cloud Infrastructure (OCI).

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.

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.

Auto giant LKQ has confirmed that it is the latest company to fall victim to a data breach involving Oracle's EBS system, an incident claimed by the cybercriminal group Cl0p. The breach was acknowledged only recently, raising concerns about the security of sensitive data within the automotive sector.

Oracle's stock has been under intense scrutiny following a significant decline attributed to a once-obscure metric related to future sales, which has raised concerns among AI investors. The company's recent partnership with OpenAI, valued at $300 billion, has resulted in a staggering loss of $315 billion in market value, highlighting vulnerabilities in Oracle's financial strategy.