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00:02ByteDance has formed TikTok USDS.
00:05Joint Venture LLC to operate TikTok's US business with control centered on a group of
00:10major US and allied investors, according to TechCrunch.
00:13Oracle Silver Lake
00:15and MGX each hold 15% stakes, giving the group a combined 45% on
00:20ownership of the US entity.
00:21Oracle provides cloud infrastructure for TikTok's US user data.
00:25And serves as the security partner overseeing data storage, compliance audits, and updates.
00:30to the recommendation algorithm.
00:32Silver Lake holds a financial and strategic role and has a
00:35long history of technology investments.
00:37MGX is an AI focused investment firm.
00:40backed by Abu Dhabi's sovereign wealth fund and Emirati AI company, G42.
00:45The firm invests across semiconductors, data centers, and artificial intelligence platforms.
00:50For all things money, visit Benzinga.com.
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