TikTok, the leading social platform with more than 100 million users in the United States, will not be sold to Microsoft or Oracle, the latest reports claim. According to CGTN, an English television station owned by the Chinese state, ByteDance will not sell its business to Oracle or Microsoft and will not hand over its source code to any US company.
Multiple sources report that Oracle is working on a more complicated deal with ByteDance, which includes becoming technology partners and stakeholders in each other’s entities.
TikTok interface
CGTN revealed that China has released a revised catalog of technologies that are subject to export bans or restrictions. Some specialists argue that this was done to prevent TikTok from becoming the property of an American company without obtaining a license from the Chinese government.
State television recalled that ByteDance “has a series of cutting-edge technologies in artificial intelligence and other spheres” and some of them are close to the articles of the revised government document.
The specialists argue that topics such as “data analytics-based personalized information delivery service technology” and “AI interactive interface technology” can be found both in the list of technologies restricted for export and in the ByteDance portfolio.
Currently, the company declines to comment, and Zhang Yiming, president of ByteDance, simply states that his company “is developing solutions that will benefit users, creators, partners and employees.”
Source | Via
