VoxGeorge
Oct 24, 7:59 PM
$RUM Demand pull news:
TikTok USDS Joint Venture was established in 2026 in compliance with U.S. President Donald Trump’s executive order mandating the divestiture of TikTok in the U.S. from its Chinese parent company, ByteDance. In January, TikTok U.S. said it would “retrain, test, and update” its prized recommendation algorithm, which is built on machine learning, on U.S. user data. The company’s recommendation algorithm will be “secured in Oracle’s U.S. cloud environment,” it said.
TikTok U.S. has three managing investors, Silver Lake, Oracle and MGX, each holding 15%. The Dell Family Office, the investment firm of Michael Dell, is also an investor. ByteDance retained 19.9% of the new entity.
https://www.cnbc.com/2026/10/23/tiktok-us-compute-capacity.html
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