US authorities want full control over TikTok code
If the acquisition of US TikTok tasks doesn’t meet public security prerequisites, the application will be closed. Full control over TikTok code
Oracle’s acquisition of TikTok’s US activities and turning them off as a different organization ended up being precarious. The truth of the matter is that the gatherings to the exchange presently decipher the starter arrangements in an unexpected way. For instance, the Chinese organization ByteDance, actually possesses TikTok. Needs to hold 80% of the portions of the new organization TikTok Global. While the American specialists request full authority over the application code.
“The USA should have all the code. Oracle will be responsible for modernizing the code, cleaning up the code and keeping it secure in its cloud and… meeting all of our requirements, ”US Treasury Secretary Stephen Mnuchin said during the CNBC Investor Conference on Wednesday, September 30.
In other words, the US government is not prepared to share pieces of TikTok’s code. And let China retain control of the recommendation algorithm. According to Mnuchin, if the deal does not meet national security requirements. Then TikTok will be closed in the United States, writes Reuters.
It is worth noting that ByteDance is ready to give Oracle a 12.5% stake in the new company TikTok Global. And control over code updates, as well as allow it to store application user data on its servers in the United States. As for control over the recommendation algorithm, ByteDance intends to keep it for itself. This condition was imposed by the Chinese authorities, wishing to prevent the transfer. Of important intellectual property abroad without special permission.
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