Citation :
80% of TikTok would be controlled by Oracle $ORCL, Silver Lake, and A16z, per WSJ. The new US TikTok entity would use at least part of the Chinese algorithm but train it in the US on American user data. “Beijing’s bottom line is a licensing deal,” said the investor. “Beijing wants to be seen as exporting Chinese technology to the US and the world.” One US adviser close to the deal called it “the ultimate Taco trade”, referring to the “Trump always chickens out” acronym. “After all this, China keeps the algorithm.”
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