Oracle may claim rights to host two most importantt entertaining sites of our generation TikTok and Zoom. TikTok was in talks with Facebook and Google. They are likely going to be the losers to make a deal for keeping video-sharing app TikTok operational in the United States. On Saturday, President Donald Trump had said that he has in principle for the approval to make a deal where enterprise software maker Oracle and retail giant Walmart will partner TikTok in the U.S. Shortly after the president’s comments, Oracle said that it was taken as TikTok’s secure cloud provider and will also be able become a minority investor soon with a 12.5% stake in the company. Its a good news for TikTokers in United states of America. This deal is going to satisfy all the things United States wanted for security purposes. Jason Davis, associate professor of entrepreneurship and family enterprise at INSEAD, said on Capital Connection that the deal was “interesting” for Oracle, and that he thinks TikTok Global would likely strip out Google’s cloud infrastructure on its platform in favor of Oracle.
As far as it matters for its, Oracle has attempted to go up against likes of Amazon, Microsoft and Google in cloud administrations. A report from research firm Gartner demonstrated in 2019, the last three organizations all got more cloud income than Oracle. Microsoft gave off an impression of being the leader in the competition to purchase TikTok’s U.S. tasks until Sept. 13, when it reported that TikTok’s Beijing-based parent organization ByteDance had dismissed its offered.
What TikTok has said about Oracle?
On Saturday, TikTok has said in a statement that Oracle isn going to be responsible for “hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied.” TikTok clearly stated that Oracle wil be its new owner which will handle for all user data and will also secure associated computer system to make sure security requirement are fully satisfied.
Recently, Zoom chosen Oracle to extend its cloud infrastructure, and passed up on industry leaders Amazon Web Services, Alphabet’s Google Cloud Platform and Microsoft’s Azure Cloud. The video conferencing stage saw its popularity take off due to the Covid pandemic that forced many individuals to work and adapt distantly.
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