Oracle beats Microsoft’s bid for TikTok

Oracle has now reportedly taken over Microsoft as favorites to buy short video app TikTok’s US operations. According to a report from Axios, while Oracle is the likey firm to get the deal, there’s a possibility of no deal taking place as well. South China Morning Post noted that due to China’s new regulations on the export of AI, Oracle might not get the app’s much-lauded recommendation algorithm, even if a deal is struck. At the moment, it’s not clear if Oracle will own a majority stake in the app or become a technology partner to run its US operations.…

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