Tiktok oracle。 Oracle

TikTok U.S. Sale Deadline Extended Again By Government Committee

The order states that the app, which is reported to have been downloaded 175 million times in the U. The legal battle is hardly over. 12 or face the total disabling of TikTok. business transactions with ties overseas. But as the relationship between Washington and Beijing frays, the fate of the video app, which is owned by China's ByteDance, looks uncertain. It will also create an educational program to "develop and deliver an AI-driven online video curriculum" that includes courses in math, reading, science, history and computer engineering for children. Back in February, Ellison a fundraiser for Trump at his estate in Rancho Mirage, Calif. government is forcing one of China's most successful global media companies to sell under a less than ideal time frame, and China is trying to avoid having this set a precedent," Triolo said. Microsoft said earlier that ByteDance had alerted the company that it was passing on its proposal. CEO Safra Katz has also donated to Trump's reelection bid. " Download the for breaking news and alerts While cybersecurity experts note that China's laws enable its government to pressure companies like ByteDance to provide access to user information, they say there is no evidence that has happened to date. TikTok, which has some 100 million active monthly users in the U. "While we strongly disagree with the implications of TikTok as a national security threat, we nonetheless understand the concerns," wrote Vanessa Pappas, interim head of TikTok, in a on Saturday. " "I have given the deal my blessing," Trump said. With the ties to ByteDance remaining, some experts in technology privacy are skeptical that the deal would meaningfully address the national security concerns that first launched Washington's scrutiny of TikTok. Oracle and Walmart would get stake in a new company called TikTok Global, which is expected to go public in the next year. Does the Chinese government approve of the TikTok-Oracle deal? 12;text-align:center;margin:1em auto 1. There's also been confusion about the terms of the deal, including the amount of control each company will have over TikTok and whether the arrangement will satisfy national security concerns. Officials in the White House and some Democrats in Washington fear China's authoritarian regime could access Americans' data through the app and use the information to blackmail or launch disinformation campaigns. com assortment, eCommerce marketplace, fulfillment, payment and measurement-as-a-service advertising service" to TikTok. Under the current proposal, ByteDance won't be transferring its algorithm and technology to Oracle, which might satisfy Chinese regulators. government has invoked national security concerns for the action, saying the Chinese government could potentially force the app companies to turn over data on Americans. Oracle has been lagging behind competitors, such as Amazon, Microsoft and Google, for cloud storage business. , as officials in Washington worried that any ByteDance ownership could give the Chinese company a backdoor to access Americans' data. It comes just days after a commission to promote "patriotic education" to counter the teaching of American slavery and racism in classrooms. In recent weeks, US government officials have claimed that TikTok poses a serious threat to national security, and President Donald Trump has threatened to ban it unless an American company takes control of its domestic operations. Treasury Secretary Steven Mnuchin said in an interview with CNBC on Monday morning that the White House had received a proposal from TikTok for an Oracle partnership. js-cnn-follow-anonymous:after,. companies from doing business with ByteDance and alleging that the app poses risks that amount to a "national emergency. ET : A previous version of this article misstated when TikTok sued the U. TikTok asked for an extension from the Committee on Foreign Investment in the United States, which reviews foreign acquisitions for national risks. Walmart has also expressed interest in investing in TikTok and said in a statement Sunday that it is continuing discussions with ByteDance leadership. Oracle will host all US user data on its cloud platform and be tasked with "securing associated computer systems," TikTok said in a statement. ByteDance and Oracle still face several hurdles in completing a deal. The short-form video app burst into popular culture in the past few years, becoming one of the few recent social media upstarts to offer a credible rival to U. The Trump administration expressed concerns that the hugely popular app could be used as a spying tool by Beijing. At this point, the deal would still need approval from the Treasury Department-led Committee on Foreign Investment in the United States, as well as Chinese authorities. and China square off over the reach of their homegrown technology companies. 1em;font-size:16px;font-size:1. Besides being a major investor in the new TikTok company, Walmart said it will bring its e-commerce "retail capabilities" to the app, which could allow TikTok users to shop Walmart online through TikTok. Oracle is headed by chairman Larry Ellison, who is an open Trump backer. The broader economic relationship is also at stake at a delicate moment following the historic shock from the pandemic. The source would not detail which parts of the technology were being taken over by Oracle, which did not immediately respond to a request for comment Sunday. Since then, Secretary of State Mike Pompeo has said the U. "There's a bit of a reciprocity process going on here, since China doesn't allow U. -based interests, according to media reports. Committee on Foreign Investment in the United States, or CFIUS, an interagency group that is tasked with overseeing foreign investments in the U. But the outcome will have major geopolitical consequences, too, as the United States and China move further apart under Trump. Four of the five members on TikTok Global's board of directors will be American. news-figure-caption-text:lang ja ,. "The interactions with the Chinese government, and the ability of the Chinese government to put pressure on the ByteDance company, is still substantial," said Chris Kelly, former chief privacy officer at Facebook. user data and will safeguard TikTok's computer systems "to ensure U. TikTok Global also plans to create 25,000 US jobs as part of an expansion of its global headquarters, which will remain in the US. was "" banning the app, and President Donald Trump has threatened to do so several times. TikTok has pending against the Trump administration to block the potential ban. "I have given the deal my blessing," Trump said. While datamining is a concern throughout the tech industry, Chinese companies are required to pass along considerable amounts of the data they collect to the government. "They're really moving the goal posts here," said a former CFIUS official, who asked not to be named for fear of retaliation from the administration. That arrangement appears to satisfy the White House's concerns over the security of American user data, even though Chinese tech company ByteDance is expected to hold its majority-ownership position. A source familiar with the negotiations said both parties believed their deal was structured to satisfy all of the committee's national security concerns. Beijing still needs to weigh in, and Trump's backing isn't set in stone. Trump has signaled that he wouldn't approve a deal if Walmart and Oracle didn't have most of the control over TikTok Global. "I approve the deal in concept. js-cnn-follow-not-following:after,. " As part of the deal rescuing TikTok, U. The company now has until Dec. 2s ease-out;font-family:BWHaasGrotesk-55Roman-Web,Helvetica,Arial,sans-serif;font-size:14px;line-height:1. A forced sale wasn't the only threat TikTok faced from the Trump administration. 5s ease-in-out;transition:height. The extension follows President Donald Trump's August executive order requiring China-based ByteDance to sell the US operations by Nov. The executive order set a deadline of Tuesday to finalize a sale. On Wednesday, TikTok's parent company, ByteDance, received an extra week to sell its US operations. Walmart said it will "bring its omnichannel retail capabilities including its Walmart. Here's what you need to know: What's in the deal between TikTok, Oracle and Walmart? In addition, many American and other international companies have access to similar amounts of user data. In a statement, a spokesperson for the Treasury Department, which houses CFIUS, said the committee was reviewing a revised submission by ByteDance. ByteDance has struck a preliminary deal with software company Oracle and retail giant Walmart , but the agreement still needs to be finalized. tech companies like Facebook and Google," said Paul Triolo, head of global technology policy at the Eurasia Group. Under the new arrangement, Oracle will host all of TikTok's U. Earlier: President Trump said he approved in principle the deal under which and Walmart would receive ownership stakes in Chinese-owned app. Steve Musil contributed to this report. The fate of that order is murky. It's also about the future of US-China relations, and the murky new rules businesses are forced to navigate as tensions between the world's two biggest economies ramp up. The silence from the Trump administration, and a looming deadline, prompted TikTok to legally challenge the order earlier this month. "We are a hundred percent confident in our ability to deliver a highly secure environment to TikTok and ensure data privacy to TikTok's American users, and users throughout the world," Oracle CEO Safra Catz said in a. As the situation rapidly progresses, TikTok's tens of millions of US users worry they could lose access to one of their favorite products. UPDATE: The Trump administration has. In issuing the preliminary injunction, Judge Laurel Beeler wrote that the ban on WeChat does not provide enough evidence that it is narrowly tailored to resolve the US government's national security concerns with respect to the app. Officials have been in a months-long back-and-forth with TikTok and its China-based parent, , due to security concerns centered on the fast-growing social video app. business over concerns about the threat to national security. , resolving a months-long confrontation between a hit app popularized by lip-syncing teens and White House officials who viewed the service as a national security risk. giants like Facebook and Snapchat. It was thought that the lawsuit might be able to push back the ban, which would allow TikTok more time to secure a deal. But over the past two years, sensitive technology has become a big area of contention, too. Still, there are signs that Beijing isn't fully comfortable with the proposal. TikTok has reached an agreement to partner with software giant Oracle, a landmark deal that could redefine how the U. investors, TikTok Global says it is majority owned by American investors, according to a person familiar with the deal. On July 31, 2020, according to media reports, Trump told reporters on his special plane "Air Force One" that he will ban TikTok from operating in the United States. In a brief legal filing Wednesday, government attorneys disclosed the latest extension, which followed a previous two-week reprieve to November 27. 13 announced its bid was rejected by ByteDance — Oracle and Walmart appear to have. The frenzy kicked off in early August when Trump that would effectively ban TikTok in the United States unless ByteDance could find an American owner for its US operations by Sept. Microsoft had been considered until this weekend. What is clear is that the fight over TikTok is bigger than who owns an app popular with Generation Z. But its ties to China emerged in the past year as a quiet point of contention in Washington. With the latest shift, the has pushed back the deadline twice. TikTok plans to raise money ahead of a planned initial public offering on the stock market in less than a year. "It won't be strange to have interaction between the two companies on a number of different issues, including algorithmic operations, so that could stretch into personal data pretty easily," Kelly said in an interview. and that only a backup exists in Singapore. Some experts think the proposed deal from Oracle could because of Trump's ties to cofounder Larry Ellison, a supporter of the president. Here's the latest Over the weekend, Trump green-lit from Oracle just hours before a ban on downloads was due to take effect. Authorities also fear that it could be leveraged to collect personal data on US citizens, or to censor speech deemed sensitive by the Chinese government. Subscribe to and keep your inbox happy. TikTok has denied that it would hand over data, which it stressed is stored outside China. In addition, TikTok would be required to appoint a board of directors entirely comprised of U. Meanwhile, a group of Republican US lawmakers has urged Trump to reject the deal if ByteDance still has control over TikTok's US operations, data and algorithms. TikTok says the Trump administration hasn't given the company feedback on its proposed solutions to address the government's concerns, which TikTok says are unfounded. The short-video app also faced a potential US ban, but federal judges have blocked that from happening. President Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in July. 4s ease;-o-transition:opacity. A representative for the company declined to comment. Trump has positioned himself as the kingmaker of any TikTok deal, making clear that he must agree to the terms before anything is made official. -run entity in which Walmart would also have a stake. on Sunday, the Wall Street Journal. It also said its data centers are outside China, which suggests the data is not subject to Chinese authority. In this photo illustration a TikTok logo is seen displayed on a smartphone with an American flag on the background. CFIUS will also have to sign off on the agreement. The ban would have barred new downloads and any security updates in the United States. business, Vanessa Pappas, took over as interim head. national security requirements are fully satisfied," TikTok said in a statement. US users also wouldn't be able to receive security patches or other updates, which could cause outages or glitches in the future. TikTok has been experimenting with e-commerce features. stock exchange within a year after majority control is transferred from ByteDance to U. TikTok says it has about 1,500 U. TikTok spokesperson Hilary McQuaide declined to comment, saying the company would not comment "on rumors or speculation. There's confusion over how big a role ByteDance would play in TikTok Global. Under the terms of the ban, people who already had TikTok on their phones could still post short videos of dances, fun recipes and comedy routines per usual, but no new downloads would be allowed. "Based on what I know, Beijing won't approve current agreement between ByteDance, TikTok's parent company, and Oracle, Walmart, because the agreement would endanger China's national security, interests and dignity," tweeted Hu Xijin, editor-in-chief of the Global Times. Even then, the deal still remains vulnerable to the larger geopolitical tensions between Washington and Beijing, and both governments could move to scuttle a deal if they deemed it politically advantageous. Oracle Executive Chairman Larry Ellison is among the few tech leaders in Silicon Valley who supports the president. Everything is going to be moved into a cloud done by Oracle … and it's going to be totally controlled by Oracle," he told Fox News. " Federal judges in Washington and Pennsylvania have blocked the ban. For a while, the focus was on trade and protecting intellectual property, with both sides slapping tariffs on while government officials tried to negotiate new terms of engagement. government to push for this decoupling, which includes a whole range of issues but has sort of crystallized in the last three to six months into this view that Chinese companies are untrusted vendors. The company has said its data centers are located entirely outside of China and that none of that data is subject to Chinese law. 5px;padding-top:10px;text-align:center;text-transform:uppercase;width:220px;font-size:16px;font-size:1. China reportedly but the current deal structure isn't a full divestment. As the messy situation has dragged on, users have been none the wiser as the app continues to function normally. While governments often vet pending deals to protect consumers from monopoly power, and often do weigh national security when a merger is announced, Trump's deep involvement is a stark departure from how deals are typically finalized — as is his move to compel a sale in the first place. "If we find that they don't have total control, then we're not going to approve the deal. Though a ban has been averted for now, fears about restrictions have sent TikTok downloads soaring. " Meanwhile, a US , which is owned by China's Tencent, was temporarily blocked by a federal judge Sunday night, just hours before it was to take effect. Sure, that's a big part of it. That dynamic has raised flags for a number of U. Speaking to reporters, Trump said he approved the deal "in concept. As a separate entity, TikTok would file for an IPO on a U. How Oracle ended up with TikTok - CNN charset "UTF-8";. transporter-item:nth-child 3. If they don't, that's okay, too. TikTok owner gets another week to sell its US business - CNN charset "UTF-8";. First, they will need to win approval from the U. The Treasury Department says it's been clear about the needed steps. As pressure expands to TikTok as well as WeChat, companies are considering the emergence of a new world order that could reshape how global firms do business. government last month, challenging the executive order and alleging that it was deprived of due process when the administration issued the ban. "All of these actions are part of an effort by China hawks in the U. " Analysts say Oracle's cloud computing business will receive a major boost as a result of the deal. , captures "vast swaths" of information and "threatens to allow" Chinese government officials to track Americans. The suit also alleges that the government failed to provide evidence that TikTok was actually a national security threat. , based on the terms of the order. If that seems unusual, it's because it is. Treasury officials say the deal still needs to be finalized by Oracle and Walmart. users in the dark unless a sale happened has appeared to diminish, and some observers wonder if the delays in the process might continue until Joe Biden is sworn in as president in January. The ban has now been delayed by one week. — Brian Fung, Sherisse Pham, Jill Disis and Selina Wang contributed reporting. Oracle would store TikTok data on its cloud platform, while Walmart would be involved as a commercial partner. ET President Trump has given tentative approval to a deal that will keep TikTok alive in the U. The app, which gives users the ability to create short videos matched to sound or music, has created its own generation of celebrities and countless dance trends. "If they get it done, that's great. Citing similar spying concerns, the Trump administration has pushed allies to opt for other 5G equipment vendors, while cutting off Huawei's access to US technology, including. " Why does Walmart want a stake in TikTok? A major sticking point in the negotiations centered on how much of a stake Beijing-based ByteDance would have in TikTok's U. Last year, the company started allowing some users to add links to e-commerce sites so people can buy products that are shown in videos. 2 ;transition:background-color. "ByteDance is still the biggest dog in this deal. While Microsoft is no longer a contender — the company on Sept. In a report published in mid-September, the consultancy Rhodium Group found that US-China investment dropped to its lowest level in nine years during the first half of 2020 as tensions rose. Under the deal, TikTok will set up its headquarters in the United States, creating 25,000 jobs. After then, TikTok would essentially be cut off in the U. " Trump has previously said that any company that scoops up TikTok must to the US Treasury as a sign of thanks. to police the boundaries of its technology ecospheres with China. "We're pleased that today we've confirmed a proposal that resolves the Administration's security concerns and settles questions around TikTok's future in the US. For months, the Trump administration has been pushing TikTok to sever its ties to ByteDance. The foreign control issue does not go away. While federal judges have blocked the ban from happening, the US government is appealing. , is owned by Chinese tech giant ByteDance. TikTok repeatedly denied the allegations. In November, TikTok was mentioned as a national security threat, and the U. But he said earlier this week his advisers had told him that it was illegal to demand a payment from transaction, which his administration is forcing ByteDance to conclude by Nov. The administration alleged that the company's ties to China through its parent company, ByteDance, meant it would have to hand over data about Americans if asked by China's government. board members is Walmart CEO Doug McMillon. In August, China issued new restrictions on artificial intelligence technology exports, a move that delayed the TikTok deal. Trump signed in August requiring ByteDance to completely divest from its U. starting at midnight Sunday, but that has now been averted. business to Oracle, it is also undergoing internal change. "In the end, Trump is the X-factor," said Dipayan Ghosh, the co-director of the Digital Platforms and Democracy Project at the Harvard Kennedy School. "Whatever he wishes will happen, no matter the merits of the related set of policies underlying the proposal. "The TikTok ban has to be viewed as part of this longer-term effort by the U.。 。 。 。 。

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Oracle’s TikTok Bid Leaves Open Some U.S. Security Concerns

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Trump Says He Approved TikTok Deal With Oracle and Walmart

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Trump Says He Approved TikTok Deal With Oracle and Walmart

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TikTok U.S. Sale Deadline Extended Again By Government Committee

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Trump administration gives TikTok new extension in forced sale saga

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