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The American press pays attention to the friendship between the founders of Trump and Oracle … “The election of Oracle is the result of political considerations”
Negotiations for the sale of TikTok, a video-sharing social network in China, are taking the lead through technical cooperation with enterprise software company Oracle.
President Donald Trump said that the TikTok business in the United States would be sold to American companies, and said that the information of American subscribers held by TikTok, which is very popular in the United States, could pose a threat to national security.
However, TikTok’s parent company Bytedance issued a card saying that instead of selling its business in the US, it would resolve the security threat through a technology alliance with Oracle.
Oracle said on 14 (local time): “The Secretary of the Treasury, Mnushin (Steven), tells us that Bytedance includes us in a proposal submitted to the US Treasury over the weekend. Oracle will become a technology provider reliable. “” reported the economic media CNBC.
Prior to this, Secretary Manusin appeared on CNBC and announced that the US government plans to review the deal this week.
He said, “I’ll only speak from our point of view.
“We need to make sure that the code is secure, that the data of Americans is secure, and that the phone is secure.”
The White House expressed concern that personal information of Americans held by TikTok could be passed on to the Chinese government and presented a deadline to Byte Dance last month to propose a sale of the TikTok business in the United States by 20 December. this month.
If not, he said he would ban TikTok in the United States.
The Chinese government then reviewed export regulations and designated artificial intelligence (AI) technologies, such as content recommendation based on data analysis, as technologies that must be approved by the authorities at the time of export.
Instead of selling its business in the United States, Byte Dance launched a card called Technology Alliance with American companies.
The question is whether the card will be approved by the United States government.
The American media is paying attention to the personal relationship between Oracle co-founder and president Larry Ellison and President Trump.
Ellison is an advocate for organizing a fundraising drive for President Trump at his California mansion in February of this year.
In April, he joined the White House advisory group on economic recovery.
In response, President Trump said, “I think Oracle is a great company,” when asked by reporters, “Do you think Oracle can be a good acquisition for TikTok?” During the campaign in Arizona last month.
The owner is also a great person.
“Oracle will definitely be able to handle TikTok.”
CNN also noted that the agreement is “a qualifying agreement in many respects, including the biggest obstacle to President Trump being on his side.”
Shirley Yu, a visiting fellow at the London School of Economics (LSE), said TikTok chose Oracle “primarily for political considerations.”
For Oracle, it could be an opportunity to grow its business in the cloud.
CNBC said that if the proposal is successful, “Oracle will become more visible to younger consumers and can gain control over important advertising bases.”
Oracle is a company that sells office software to large corporations, schools, and government agencies.
Recently, the cloud is used to provide such software and manage corporate data.
On the other hand, TikTok is an entertainment services company focused on young consumers.
However, the two companies have a common interest in marketing.
TikTok generates sales by showing ads to users, and Oracle provides software that allows marketers to manage the distribution of these ads.
CNBC explained: “Being a technology provider may mean that Oracle will provide its infrastructure in the cloud for TikTok to use.”
For Oracle, it means acquiring major cloud customers, which can also be an advantage in attracting more cloud customers.
/ yunhap news
