The ongoing discussions about a potential acquisition of TikTok's U.S. operations by Oracle reflect escalating concerns regarding national security and user data privacy. This acquisition may reinstate previously proposed deals and aims to place Oracle in control, thereby minimizing Chinese ownership from ByteDance. The acquisition would empower Oracle to oversee data management, algorithmic governance, and software updates, which aligns with U.S. governmental confidence in Oracle as a technology partner. However, tensions between the U.S. and China continue to complicate matters.
The goal is for Oracle to effectively monitor and provide oversight with what is going on with TikTok. ByteDance wouldn't completely go away, but it would minimize Chinese ownership.
The potential deal's resurgence occurs during rising tensions between the U.S. and China on technology issues, reflecting broader concerns about the impact of technology on national security and privacy.
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