WASHINGTON — The Trump administration is set to receive roughly $10 billion from investors in the recently completed deal to take control of TikTok U.S. operations, The Wall Street Journal reported Friday, citing sources familiar with the matter. Read More: Trump approves $14 billion tiktok US sale plan TikTok’s Chinese parent company, ByteDance, finalized the agreement in January […]
Oracle
TikTok forms US joint venture to avoid ban
TikTok announced on Thursday that it has established a majority American-owned joint venture to operate its US business, enabling the app to sidestep a potential ban over its Chinese ownership. The TikTok USDS Joint Venture LLC will serve more than 200 million users and 7.5 million businesses, implementing strict safeguards for data protection and content […]
OpenAI, Oracle to build $50bn Michigan data-center campus
SALINE TOWNSHIP, Michigan — OpenAI, Oracle, and Related Digital announced plans on Thursday to build a massive 1-gigawatt data-center campus in Michigan, marking a major step in the companies’ joint Stargate initiative to expand artificial intelligence infrastructure across the United States. The multi-billion-dollar project, slated to begin construction in early 2026, reflects the AI industry’s […]