page contents Oracle lands TikTok as reference cloud customer, takes 12.5% stake – The News Headline

Oracle lands TikTok as reference cloud customer, takes 12.5% stake

Oracle stated it is going to be TikTok’s cloud supplier in a deal that provides it a 12.five% stake within the social media community and a key reference buyer.

In a remark, Oracle stated “the technical choice” by way of TikTok was once in keeping with the Zoom reference account. On the other hand, TikTok, owned by way of Bytedance, was once dealing with a Sunday shutdown order over safety considerations by way of President Trump. Trump stated he licensed the deal previous Saturday.

Oracle CTO Larry Ellison stated that TikTok will run on Oracle Cloud. CEO Safra Catz stated:

Oracle will briefly deploy, all of a sudden scale, and perform TikTok techniques within the Oracle Cloud. We’re 100% assured in our skill to ship a extremely safe atmosphere to TikTok and make sure knowledge privateness to TikTok’s American customers, and customers during the sector.

For Oracle, the cloud maintain TikTok is a win and can provide it the next profile.

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