Tag: ByteDance

Under the TikTok US sale terms, ByteDance will license its AI recommendation technology to a newly created US TikTok entity, which will use the existing algorithm to retrain a new system that is secured by Oracle, TikTok’s cloud partner. (AFP)
Posted in Business

TikTok signs deal to sell US unit to Oracle-led investor group| Business News

TikTok’s Chinese owner ByteDance Ltd. has signed binding agreements with three major investors to sell just over 80% of US assets to American and global…

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