TikTok’s Chinese owner is poised to keep roughly half the profits from the app’s US business — even after ceding majority ownership to US investors under a deal pushed by President Trump, according to ...

A final agreement to bring U.S. operations of ByteDance (BDNCE)-run TikTok under American ownership will be signed in the coming days, White House Press Secretary Karoline Leavitt said Saturday. In an ...

TikTok’s Chinese parent company will likely get about half of the profit from the platform’s US operation even after it sells majority ownership to American investors as part of a deal orchestrated by ...

An inter-governmental deal reached on TikTok positively affected the software giant. Oracle provides cloud computing services to the video app's developer. That morning, U.S. Treasury Secretary Scott ...

President Donald Trump has stated that he and Chinese President Xi Jinping have approved a framework for U.S. investors to take control of TikTok’s operations in America. The deal still needs final ...

Software giant Oracle (NYSE:ORCL), private equity firm Silver Lake, and Abu Dhabi-based fund manager MGX will have majority control of TikTok's U.S. business, CNBC reported Thursday, citing sources.

TikTok's owner, ByteDance, is expected to sell its US business to a buyer consortium. The new owners will retrain TikTok's content-recommendation algorithm, the White House said. TikTok staffers and ...

President Trump’s much touted TikTok deal could be facing a last-minute hitch – and it has to do with billionaires, taxes and China hawks in Congress, On The Money has learned. Billionaire Jeff Yass – ...

It's not as far-fetched as it sounds. With President Donald Trump's latest executive order extending TikTok's U.S. ban deadline to December 16, and a framework deal now in place between American and ...

ByteDance, the parent company of TikTok, has built what is currently the most popular AI chatbot in China: Doubao. Launched in 2023, the app has risen to the top of the country’s generative AI market, ...

This week, OpenAI released its latest AI video generation model, Sora 2, advertising it as a "big leap forward" for the space. As Sora hits the public, it will have to compete for market share in a ...

ByteDance’s Doubao app has overtaken DeepSeek, proving that user-friendly design often matters more than having the most advanced AI model. Now, ByteDance has gotten its revenge. By August, Doubao ...