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Oracle In Talks With White House To Oversee US Operations Of TikTok As Part Of Project Texas 2.0: Report
Monday, March 17, 2025 - 4:05am | 563Oracle Corp. (NYSE:ORCL) is reportedly in advanced talks with the White House to oversee the U.S. operations of TikTok, as concerns continue to mount over the app’s Chinese origins. What Happened: Vice President JD Vance and National Security Adviser Mike Waltz are spearheading the...
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US Courts New Buyers For TikTok As Deal Deadline Approaches: 'All Four Are Good,' Says Trump
Monday, March 10, 2025 - 4:05am | 541The Trump administration is reportedly in discussions with four different groups regarding the sale of the Chinese short video platform, TikTok. What Happened: On Sunday, U.S. President Donald Trump confirmed that his administration was communicating with four different groups regarding the...
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Nvidia Sees Rush For H20 AI Chip Orders As DeepSeek Disrupts AI Market— Tencent, Alibaba, ByteDance Fuel Demand Surge
Monday, February 24, 2025 - 10:23pm | 538Chinese tech giants Tencent Holdings (OTC:TCEHY), Alibaba Group Holdings Ltd (NYSE:BABA), and ByteDance have significantly increased orders for Nvidia Corporation's (NASDAQ:NVDA) H20 AI chips, as the rise of DeepSeek's low-cost AI models drives a surge in demand for AI computing power. What...
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ByteDance's AI Business Helps Boost Valuation Past $400 Billion Even As US TikTok Business Risks Loom
Sunday, February 23, 2025 - 11:51pm | 554ByteDance Ltd., the owner of TikTok, has reportedly seen its valuation climb past $400 billion, driven by major investors like SoftBank Group (OTC:SFTBF) (OTC:SFTBY), Fidelity, and T. Rowe Price (NASDAQ:TROW). What Happened: At least three major investors have marked up ByteDance's valuation, with...
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JD Vance 'Quarterbacking' TikTok Deal: Will His Venture Capital Experience Secure A Win?
Monday, February 10, 2025 - 3:13pm | 1073Vice President J.D. Vance is being put in charge of overseeing a deal to save TikTok after President Donald Trump changed his mind and decided to temporarily save the Chinese social media app. What Happened: Vance, who is a former venture capitalist, is being tasked with helping land the best deal...
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Trump Pushes For TikTok Deal, China Could Oblige If It Weren't For Those Tariffs — Here's What We Know
Wednesday, February 5, 2025 - 5:33pm | 735Negotiations over the sale of TikTok's U.S. operations appear to be at an impasse as its Chinese parent company, ByteDance, delays progress while awaiting a green light from Beijing. President Donald Trump's numerous corporate allies are racing to broker a deal with an American buyer. China,...
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MrBeast And Group Of Investors, Including Roblox CEO, Lock In Over $20 Billion For TikTok Takeover
Wednesday, January 29, 2025 - 10:23pm | 658A group of U.S. investors, with backing from YouTube star Jimmy Donaldson, also known as MrBeast, has amassed over $20 billion to bid for TikTok. What Happened: The group, led by tech entrepreneur Jesse Tinsley, includes Roblox Corp. (NYSE:RBLX) CEO David Baszucki and Anchorage Digital CEO Nathan...
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Jeff Bezos-Backed Perplexity Revises TikTok Merger Deal, Proposes Giving US Government 50% Stake: Report
Sunday, January 26, 2025 - 9:45pm | 529Jeff Bezos-backed Perplexity AI has reportedly submitted a revised proposal to merge with TikTok's U.S. business, offering the U.S. government a 50% stake in the new entity. What Happened: The new plan, submitted to TikTok's parent company, ByteDance last week, allows the U.S. government to own up...
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TikTok Ban Effect: Smartphones With App Installed Hit Ebay
Thursday, January 23, 2025 - 5:01pm | 988App stores from Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL) currently don’t allow users to download TikTok due to uncertainty about whether it will be permanently banned in the U.S. But a person without TikTok has at least one route to getting the app. What Happened: As...
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TikTok-Parent ByteDance Plans $12 Billion AI Chip Investment In 2025 To Bolster Global AI Ambitions Amid US Export Controls: Report
Thursday, January 23, 2025 - 5:43am | 557TikTok-parent ByteDance is reportedly gearing up to invest over $12 billion in artificial intelligence infrastructure by 2025. What Happened: The Beijing-based tech giant has allocated approximately RMB 40 billion ($5.5 billion) for AI chip acquisitions within China, effectively doubling its...
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Marvel Mobile Game Goes Dark After TikTok Ban: How Disney's Superhero Brand Got Caught Up In US Vs. China Battle
Tuesday, January 21, 2025 - 8:02pm | 786A highly publicized ban of TikTok by the U.S. led to other apps getting caught in the crossfire, including a game featuring Marvel superheroes. Here's a look at what happened and what the executive order signed by President Donald Trump means for the game's future. What Happened: The Supreme Court...
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Supreme Court Upholds TikTok Ban Ahead Of Trump's Inauguration: Necessary For 'Well-Supported National Security Concerns'
Friday, January 17, 2025 - 12:19pm | 942The U.S. Supreme Court has upheld a ruling that TikTok will be banned in the country unless parent company ByteDance sells off the American portion of the business. What Happened: In a unanimous decision, the Supreme Court issued its ruling that TikTok is set to be banned on Jan. 19, ending access...
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Mark Cuban Says TikTok Ban Won't Hurt Sports: Fans Can 'Find the Same League Content Elsewhere'
Thursday, January 16, 2025 - 11:45am | 1011NBA team owner Mark Cuban says a pending TikTok ban could impact the lives of content creators, but will likely have a minimal impact on the NBA and other sports leagues. What Happened: Cuban, who is a part owner of the NBA's Dallas Mavericks, was recently asked if the TikTok ban could be bad for...
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Elon Musk Emerges As Potential TikTok US Buyer As Ban Deadline Looms, Company Terms It 'Pure Fiction'
Monday, January 13, 2025 - 10:46pm | 567Chinese officials are considering Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as a potential buyer for TikTok’s U.S. operations, as the social media platform faces a Jan. 19 deadline to divest or shut down. What Happened: The discussions, though preliminary, envision a potential scenario where...
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TikTok Ban Deadline Ahead: What Will Happen To App On Your Phone?
Monday, January 13, 2025 - 3:10pm | 1017A TikTok ban in the United States is approaching, as the Supreme Court signals support for enforcing a Jan. 19 deadline. Here's a look at what happens to your app if the ban goes through, what could happen next, and what companies stand to benefit. TikTok Ban Nears: The Supreme Court recently heard...