Part 6/8:
Another focal point of today’s updates revolves around TikTok, which is facing continued scrutiny from US lawmakers. The Biden Administration is reportedly considering a deal that would handover oversight of TikTok’s US operations to Oracle. This proposal seeks to assuage security concerns but has garnered skepticism, as critics doubt that it would sufficiently address fears surrounding the app’s Chinese ownership and underlying algorithm controls.
Key lawmakers, particularly from the Republican side, have encouraged Oracle to engage in discussions to explore the feasibility of this arrangement. However, concerns persist about maintaining ByteDance's influence over TikTok, particularly given the failure of earlier attempts at such a regulatory structure.