拉扯了整整6年，TikTok在美国，终于"有了个说法"。 北京时间1月23日，TikTok官方发布声明称，已成立TikTok美国数据安全合资有限责任公司（TikTok USDS Joint Venture LLC，简称TikTok USDS）。 该合资公司将全面负责TikTok美国的数据保护、算法安全、内容审核及软件保障，且字节跳动会继续拥有TikTok算法的知识产权，并以授权方式向该合 资公司开放使用。 换句话说，美国要"安全"，字节要"算法"，双方各退一步，各自拿走最想要的东西。 这场始于2019年的跨国科技与政治博弈，至少在眼下，算是暂时告一段落。 算法在字节，安全在美国 从披露的信息看，TikTok USDS的架构设计，并不陌生，甚至可以说相当"克制"。 该合资企业将由首席执行官亚当·普雷瑟 (Adam Presser) 和首席安全官威尔·法雷尔 (Will Farrell) 共同领导。普雷瑟此前曾领导TikTok在美国保护美国用户数 据的工作，而法雷尔则领导了这项工作的隐私和安全工作，属于"自己人管自己事"，而非外来接管。 c TikTok Below is today's official ann ...

Core Insights - European enterprises are increasingly adopting Oracle cloud environments, particularly those that can provide AI-driven solutions according to ISG [1] Group 1 - The trend indicates a growing preference for cloud solutions among European companies [1] - Partnerships that offer AI capabilities are becoming a significant factor in the adoption of Oracle cloud [1]

Core Viewpoint - TikTok has established a majority American-owned joint venture to address national security concerns and comply with U.S. law, ensuring its continued operation in the U.S. market [1][2]. Group 1: Joint Venture Formation - ByteDance has finalized an agreement to create TikTok USDS Joint Venture LLC, which will manage U.S. user data, the app, and its recommendation algorithm [2][4]. - The joint venture will be owned 80.1% by American and global investors, while ByteDance retains a 19.9% minority stake [4]. Group 2: Compliance and Security Measures - U.S. user data and the recommendation algorithm will be stored in Oracle's U.S.-based cloud, with enhanced privacy and cybersecurity measures implemented [4]. - The algorithm will be retrained and tested using only U.S. user data to further ensure compliance with U.S. regulations [5]. Group 3: Historical Context and Political Reactions - The deal follows years of scrutiny beginning in 2020, when former President Trump sought to ban TikTok due to national security risks associated with its Chinese ownership [3]. - Trump expressed support for the agreement, highlighting its significance for American investors and thanking Chinese President Xi Jinping for approving the deal [6].

Market Overview - Recent market volatility has been influenced by tensions between the US and Europe, with concerns about President Trump's erratic behavior affecting investor sentiment [1] - Jim Cramer suggests that the market may be overreacting to current volatility and emphasizes the potential for a turnaround if positive news emerges from the President [1] Texas Roadhouse, Inc. (NASDAQ:TXRH) - Texas Roadhouse's shares have increased by 7% over the past year and 12.8% year-to-date [6] - BMO Capital raised the share price target to $170 from $155 while maintaining a Market Perform rating, citing potential challenges in 2026 due to cost and consumer spending pressures [6] - TD Cowen initiated coverage with a $215 price target and a Buy rating, highlighting the company's same-store sales and value perception [6] - Morgan Stanley also increased the price target to $208 from $205, maintaining an Overweight rating [6] Oracle Corporation (NYSE:ORCL) - Oracle's shares have decreased by 3.4% over the past year and 9% year-to-date [7] - Guggenheim reiterated a $400 price target and a Buy rating, calling Oracle its "Best Idea" in the software industry despite concerns over debt related to AI infrastructure spending [7] - Cramer discussed the importance of Oracle's ability to maintain investment-grade ratings and its potential for long-term growth [8] - Munro Global Growth Fund noted Oracle as a key detractor in performance, with scrutiny over its aggressive spending plans linked to OpenAI [8][9]

TikTok's Chinese parent ByteDance has finalized a long-anticipated deal to place the app's US operations into a new, majority American-owned joint venture, securing US user data and averting a potenti... ...

Core Insights - TikTok has finalized a historic deal to establish a majority American-owned joint venture to avoid a potential U.S. ban, marking a significant milestone after years of legal and political challenges since 2020 [1][4] Group 1: Joint Venture Structure - The new entity, TikTok USDS Joint Venture LLC, is built on the TikTok U.S. Data Security organization and aims to meet U.S. regulatory requirements set by a previous executive order [2][6] - American entities will hold an 80.1% stake in the joint venture, while ByteDance retains a 19.9% stake [7] - The joint venture will be managed by three companies: Oracle, Silver Lake, and MGX, each holding a 15% stake [7] Group 2: Governance and Management - The joint venture will have a seven-member board of directors, predominantly American, including representatives from major investment firms and technology companies [12] - Adam Presser has been appointed as the CEO of the new joint venture, with other board members including TikTok CEO Shou Chew and executives from Oracle, Silver Lake, and MGX [12] Group 3: Data Security and User Experience - The venture will create a domestic cloud environment under Oracle to enhance data privacy and cybersecurity for U.S. user data, apps, and algorithms [10] - The content recommendation algorithm will be secured within Oracle's U.S. cloud environment [10] - The joint venture aims to ensure that U.S. users maintain a "global TikTok experience," allowing for worldwide creator discovery while managing commercial activities like e-commerce and advertising [13]

Group 1 - The US and China have reached an agreement for TikTok's Chinese owner, ByteDance, to transfer the American division to investors associated with Donald Trump, including Oracle, Silver Lake, and MGX [1][2] - The deal allows TikTok to continue its operations in the US, following a series of deadline extensions set by the Trump administration [2] - ByteDance will maintain a 19.9% stake in the US operations, while Oracle, Silver Lake, and MGX will each hold a 15% stake, with Adam Presser as the joint venture's chief [3] Group 2 - The agreement resolves years of uncertainty regarding TikTok's future in the US, particularly after a law was enacted in 2024 mandating the sale of TikTok's US operations or facing a ban [3] - Concerns from US politicians about potential data sharing with the Chinese government have been a significant factor in the negotiations, despite ByteDance's denials [4][8] - TikTok has over 150 million active users in the US, making Americans its largest user base, which has influenced the decision to allow the platform to continue operating [6]

Core Viewpoint - TikTok has finalized a deal to establish a new US entity, allowing it to avoid a ban and concluding a prolonged legal dispute, with the new venture being majority-owned by American investors [1][2]. Group 1: Deal Structure and Ownership - The new entity will be 80.1% owned by American investors, including Oracle, Silver Lake, and MGX, while ByteDance retains a 19.9% stake [1]. - Silver Lake, Oracle, and MGX will each hold 15% in the new venture [9]. Group 2: Management and Oversight - Adam Presser, former general manager of TikTok, will serve as the CEO of the new venture, which will be overseen by a seven-member board of directors [4]. - The board includes executives from Oracle, Silver Lake, MGX, TPG, and TikTok's CEO Shou Zi Chew [4]. Group 3: National Security and Data Protection - The US entity will operate under strict safeguards to protect national security, including comprehensive data protections and algorithm security [5]. - Oracle will manage the algorithm that recommends videos to US users, ensuring it is retrained using US data to prevent outside manipulation [9]. Group 4: Regulatory and Political Context - The deal comes after a series of legal and political challenges, including a law passed by Congress in 2024 that threatened to ban TikTok unless it found a US buyer [2][8]. - The Chinese and US governments have approved the deal, with a spokesperson from the Chinese embassy stating that their position on TikTok remains unchanged [6]. Group 5: Public and Political Reactions - Former President Trump expressed gratitude to China's President Xi Jinping for approving the deal, emphasizing the involvement of American investors [7]. - Concerns regarding user data security persist among US lawmakers, with fears about potential data harvesting by the Chinese government [8].

Company History - Oracle has evolved from a traditional database management company established over 50 years ago to a significant player in the cloud services industry, particularly in AI cloud services [1][5]. - The company initially focused on relational database management systems and gradually diversified into enterprise management software, including ERP, CRM, and HCM solutions through both internal development and strategic acquisitions [2][4]. - After acquiring Sun Microsystems, Oracle expanded into hardware and operating systems, integrating its software and hardware offerings into comprehensive solutions [3][5]. Business Structure and Revenue Composition - Oracle's business segments are now classified into four main categories: Cloud, Software, Hardware, and Services, with the cloud segment being the most critical for revenue growth [10][11]. - The cloud business is further divided into IaaS (Oracle Cloud Infrastructure - OCI) and SaaS (Oracle Cloud Applications - OCA), with OCI rapidly gaining importance and surpassing OCA in revenue contribution [12][13]. - Traditional software and hardware segments have seen stagnant or declining growth, with software revenue dropping from over 60% to less than 40% of total revenue [14][15]. Key Trigger Point - $300 Billion Order - Oracle announced a staggering $300 billion in new demand contracts, equivalent to 5.8 times its total revenue for the fiscal year 2025, indicating a significant growth trajectory [25][26]. - The revenue guidance for fiscal years 2026 to 2030 suggests a compound annual growth rate of 31%, with OCI expected to grow from approximately $10 billion in 2025 to $166 billion by 2030 [25][26]. - The majority of this new order is believed to come from OpenAI, with a substantial annual contract value of around $60 billion starting from fiscal year 2027 [31][32]. Partnership with OpenAI - Oracle has replaced Microsoft as OpenAI's primary cloud service partner, which has led to significant revenue opportunities but also comes with risks associated with customer concentration [34][36]. - The partnership allows Oracle to leverage OpenAI's technology while providing substantial cloud computing resources, although it raises concerns about the quality and sustainability of the business [36][39]. - Oracle's reliance on a single client for a large portion of its revenue could pose risks, similar to those faced by other cloud service providers with concentrated customer bases [37][39]. Summary of Opportunities and Risks - Oracle's future growth heavily depends on the success of its OCI business, which is critical for the company's survival as traditional business segments decline [45]. - The company faces challenges related to high capital expenditures and debt levels, which could strain its financial health if not managed properly [39][40]. - While the partnership with OpenAI presents significant revenue potential, it also carries risks of over-reliance on a single client and the possibility of unfulfilled contracts [46].

TikTok said late Thursday it has finalized a long-awaited deal that will allow the popular video-sharing app to keep operating in the U.S. ...