Oracle is a technology company that provides database software, cloud services, and enterprise applications for businesses and governments.
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Building trades unions are backing the fast-growing data center boom, teaming up with tech giants and state leaders as AI projects bring more construction work, training, and political fights.
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Tech investors have sued the Trump administration, saying it broke the law by delaying TikTok’s required breakup from its China-based owner and approving a deal that still left illegal ties in place.
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Trump celebrated a finalized TikTok deal that keeps the app running in the U.S. through a new American entity tied to ByteDance and Oracle.
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TikTok has signed a deal to sell control of its U.S. unit to American-led investors, helping keep the app operating in the United States.
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Tech stocks fell on Wall Street after Oracle reported weaker-than-expected revenue, renewing fears that the AI boom may be overheating.
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U.S. stocks rose in a short Friday session, leaving the S&P 500 near a record high as investors looked to the Federal Reserve for another possible rate cut and kept worrying about Big Tech.
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Oracle is set to lead U.S. oversight of TikTok’s algorithm and security under a Trump administration deal meant to address national security concerns over ByteDance.
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TikTok faces a looming US sale deadline, while possible buyers circle and the app’s future remains uncertain.
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Oracle has been picked as TikTok’s U.S. tech partner in a deal that could keep the app running while U.S. officials review national security concerns.
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Microsoft says ByteDance rejected its bid to buy TikTok’s U.S. operations, leaving Oracle as the remaining known bidder.
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