Tag: Deal

TikTok deal aims to thread needle on US, China demands

A fragile deal to put the popular video app TikTok in American control appeared in jeopardy Monday amid disagreement on the ownership structure and Chinese involvement.

The plan unveiled over the weekend would make Silicon Valley data giant Oracle the technology steward for the social platform and allow retail giant Walmart a stake as a commercial partner.

But the deal was being portrayed in different terms in the two countries. Here are key points:

– Ownership – 

According to US officials, the deal would establish a new entity called TikTok Global with Oracle managing data security through its cloud servers.

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Trump touts ‘fantastic’ TikTok deal with Walmart and Oracle

Popular video app TikTok announced Saturday it has proposed an agreement with Oracle as its US technology provider and Walmart as a commercial partner, a potential deal US President Donald Trump touted as “fantastic.”

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok’s future in the US,” a spokeswoman for TikTok, owned by China’s ByteDance, told AFP.

Oracle will become the “trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully

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NVIDIA Strikes an ARMs Deal to Take All the Chips

If NVIDIA NVDA gets regulatory approval to buy privately-held Arm Holdings from Softbank Group, it will not only be the biggest semiconductor deal ever at $40 billion, it could be the most controversial and powerful.

In the video that accompanies this article, I go over as many of the details and nuances of that controversy as I can in 15 minutes. Which is not any easy feat since Arm has customers across dozens of technology industries and countries, and there are regulators on at least 3 continents who might have a say about the potential conflicts.

And therein lies the

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Facebook Announces Luxottica Deal, Unveils Plans for AR Glasses

At the virtual Facebook Connect conference, chief executive officer Mark Zuckerberg revealed that the company’s work with EssilorLuxottica is bearing fruit, with a highly wearable — and stylish — set of smart glasses planned next year.

The technology company revealed a multiyear partnership with Luxottica, with which it will build and release the first pair of Facebook smart glasses in 2021. Zuckerberg didn’t go into full product details, but described the effort as “the next step on the road to augmented-reality glasses,” an initiative dubbed “Project Aria.”

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Facebook’s collaboration with the eyewear giant has been known for

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What Oracle deal with ByteDance would mean for you if Trump administration approves it

ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has tapped Oracle as its U.S. technology partner in a bid to keep its U.S. operations going.

So what does that mean for you?

“The impact of the Oracle deal on TikTok users is a difficult question to answer at this point since we don’t have a full picture of what Oracle’s role will be,” said eMarketer analyst Debra Aho Williamson. “The biggest concern that TikTok users have is that the app that they love will continue to exist. That is their ground zero. They love TikTok so much

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