TikTok will not be sold to Microsoft or Oracle, the leading social platform with more than 100 million US users, the latest reports say .. ByteDance will not sell its company to Oracle or Microsoft and will no longer provide its source code for any American firm according to CGTN, an English television station owned by Chinese in the State.
According to trending reports, Oracle is working with ByteDance in a complicated transaction, including becoming technology partners and stakeholders in each other company.
CGTN announced that China has released a updated list of export bans or export restrictions on technologies. Some experts claim that it was done to avoid TikTok becoming a US company without a Chinese government licence.
The State-owned TV reported that ByteDance “within the updated government document are a range of cutting edge technologies in artificial intelligence and other sectors.” Some of them usually relate to the articles.
Specialists argue that topics such as “personalized information push service technology based on data analysis” and “AI interactive interface technology” can be found both in the list of restricted export technologies and in ByteDance’s portfolio.
The company is currently declining to comment, with ByteDance chairman Zhang Yiming simply stating that his company “is developing solutions that benefit users, creators, partners, and employees.”