It’s blow-by-blow deal-reports week in TikTok’s efforts to stay alive in the US. Bloomberg published a pair of news stories yesterday offering latest details of the White House-brokered deal with China.
US tech firm Oracle will play a prominent role in the new TikTok US, storing data from US users as well as retraining a copy of ByteDance’s existing TikTok recommendation algorithm “from the ground up”. Concerns about this process being politically-motivated are unlikely to be reassured by Bloomberg’s claim that Oracle “will operate in partnership with the US government on everything from algorithm retraining to application development and source code review”.
The outlet’s second report focused on the economic arrangements, reporting that the US “will not hold a golden share or equity position” in the new TikTok US entity, nor will it choose a member to sit on its board.
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