Tag Archives: Oracle

NPR reports: The Trump administration is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app’s global operations, according to two people with direct knowledge of the talks. Under the deal now being negotiated by the White House, TikTok’s China-based owner ByteDance would retain …

CBS News reports: President Trump is set to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States, CBS News has learned. OpenAI, Softbank and Oracle are planning a joint venture called Stargate, according to multiple people familiar with the deal. SoftBank CEO Masayoshi Son is expected at the White House Tuesday afternoon, …

The Wall Street Journal reports: A U.S. plan to force the sale of TikTok’s American operations to a group including Oracle Corp.and Walmart Inc. has been shelved indefinitely, people familiar with the situation said, as President Biden undertakes a broad review of his predecessor’s efforts to address potential security risks from Chinese tech companies. The TikTok deal—which had been driven …

Bloomberg News reports: Federal officials have said states will receive initial deliveries of the two vaccines within 24 hours of regulatory approval. Pfizer’s vaccine may be approved as soon as next week, Vice President Mike Pence has said. Each shot will be tracked by a computer system at HHS built by Palantir Technologies Inc. and Oracle Corp., another senior administration …

The Verge reports: Oracle CEO Larry Ellison donated $250,000 to a super PAC supporting Sen. Lindsey Graham’s (R-SC) reelection campaign as his company closed in on a coveted position as TikTok’s US technology partner. FEC documents show that Ellison made the $250,000 donation to the Security is Strength PAC on September 14th. The Security is Strength PAC has bought ads …

Bloomberg News reports: Oracle Corp. edged out rival Microsoft Corp. in negotiations for the U.S. operations of TikTok, people familiar with the talks said, as the Chinese-owned music-video app attempts to avoid getting shut down in a clash between the world’s two superpowers. Oracle has nurtured a relationship with Trump since before his administration began. In 2016, Chief Executive Officer …

The New York Post reports: Speaking to reporters today, Trump called Oracle a “great company” following reports that the software giant had preliminary talks about buying TikTok’s operations in the US, Canada, Australia and New Zealand. “I think that Oracle would be certainly somebody that could handle it,” the president said. Trump also said he thinks the company’s owner “is …

The New York Times reports: A senior Labor Department lawyer contends she faces removal from her job after objecting to Labor Secretary Eugene Scalia’s intervention in a pay discrimination case against Oracle, a tech giant with close White House connections. Oracle has a lot at stake in the case, which originated in the Obama administration: potentially hundreds of millions of …

Reuters reports: Zoom Video Communications Inc said on Tuesday it has started using Oracle Corp’s cloud computing service to help handle the surge in online video call volumes brought on by the novel coronavirus pandemic. As corporations and schools shift to remote work and billions of people subject to stay-at-home orders seek ways to remain connected, Zoom has seen daily …

Axios reports: The Trump administration is siding with Oracle in the database giant’s dispute with Google before the Supreme Court — a move that comes as Oracle’s founder hosts a high-dollar fundraiser for the president. Billions of dollars — and, Google argues, the future of software innovation — are at stake as a long-running copyright dispute between the two giant …

USA Today reports: Oracle Chairman Larry Ellison has become one of the few tech moguls to publicly back President Donald Trump’s reelection bid after announcing a Feb. 19 campaign fundraiser to be hosted at his golf course and estate in the California desert. Less than two weeks before California’s Super Tuesday primary election, Ellison will host supporters on a golf …