The TikTok-Oracle deal requires hosting U.S. users’ information without giving its Chinese parent ByteDance access is finally agreed upon. The agreement comes over two years after a U.S. national security panel ordered ByteDance to divest TikTok amid data security concerns.
The deal was directed during the Trump administration. President Trump even issued an executive order to try and make it happen.
ByteDance fought the order in court. And the deal was not enforced after Biden succeeded Trump. It was “shelved indefinitely” after Biden became president.
The panel known as the Committee on Foreign Investment in the US (CFIUS), has continued to voice concerns over data security at TikTok that ByteDance may now finally address.
It is now being reported that TikTok has an agreement to partner with software giant Oracle. This is reported to be a landmark deal to redefine how the U.S. and China square work with homegrown technology companies.
TikTok-Oracle deal for data security
According to reports the U.S. The Commerce Department under Biden is now considering new rules to address potential security risks from TikTok and other foreign-owned apps.
