Oracle will manage TikTok’s algorithm for US users under Trump administration deal

WASHINGTON AP Tech giant Oracle will receive a copy of TikTok s algorithm to operate for U S users according to a senior official in President Donald Trump s administration on Monday Determining next initiatives for the algorithm at this moment owned by the Beijing-based ByteDance has been one of the the greater part closely watched issues during negotiations over TikTok s future The Trump administration official who insisted on anonymity to discuss the emerging deal revealed they believe the plan will satisfy national defense concerns over a Chinese company potentially manipulating what is being shown to platform users Full details on investors have not been published However the official endorsed that Silver Lake a private equity firm is part of the capital group President Joe Biden a Democrat signed bipartisan ordinance before leaving office requiring ByteDance the Chinese company behind TikTok to sell its assets to an American company or face a ban Trump a Republican has extended the deadline several times as he worked to reach a deal to keep TikTok available He spoke to Chinese President Xi Jinping on Friday