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Oracle, ByteDance Accept New Treasury Terms on TikTok

(Bloomberg) — The Treasury Department, TikTok owner Bytedance Ltd. and Oracle Corp. have tentatively agreed to terms for Oracle’s bid for the U.S. operations of the social-media service, according to people familiar with the matter.Treasury Secretary Steven Mnuchin sent Bytedance a revised terms sheet late Wednesday and the company and Oracle accepted it, the people said. They described the changes as addressing national security concerns about the transaction and asked not to be identified because of the sensitivity of the matter.Bytedance is trying to win U.S. approval for a transaction with Oracle that would leave the Chinese-headquartered parent company with …read more […]

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3 Artificial intelligence Stocks to Consider as the Trend Heats Up

Working the stock market is a data game. Getting the best information, in a timely way, and knowing how to use it, are keys to success. So, here are some numbers to think about. According to industry market research, artificial intelligence companies and products are on the verge of explosive growth. The sector totaled some $10 billion in 2018; by 2025, the companies, products, value-added, and marketing are expected to reach over $125 billion. You probably already are on it, even if you didn’t realize. AI tech lies behind the growth of digital personal assistants like Alexa and Siri. Most …read more […]