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Oracle is joining forces with a group of U.S. venture capital firms that currently own a stake in TikTok, the report said. WhileCNBC'sfailed to specify which investors are working with Oracle, areportfrom theFinancial Timesclaims General Atlantic and Sequoia Capital are on board with the pla...
Oracle'sstatementclaims it was chosen to become TikTok's secure cloud technology provider, a decision that was "heavily influenced" by Zoom's shifting of its video conferencing capacity to the Oracle Public Cloud. "As a part of this agreement, TikTok will run on the Oracle Cloud and Oracle ...