The Trump administration has reached a deal with China that would allow TikTok to continue operating across the U.S. by leasing its content recommendation algorithm from ByteDance rather than selling it, Axios reports.
Under the new framework ByteDance would duplicate the algorithm, then lease that version to a U.S.-controlled joint venture led by investors including Oracle, Silver Lake and Andreessen Horowitz.
This arrangement responds to a 2024 U.S. law which demands that TikTok either come under American control or face a nationwide ban. Selling the algorithm was considered earlier but dismissed because ByteDance wants to keep using the technology in markets outside the U.S.
Under the deal, Oracle would play a central role ensuring data security. Oracle is expected to rebuild and ret