The post Microsoft’s $500B AI Vision Expands with TikTok Acquisition Bid appeared first on Coinpedia Fintech News
Microsoft the 2nd largest company in the US a large shareholder in OpenAI and now project Stargate the $500B AI infrastructure project now wants to buy TikTok. ByteDance, TikTok’s Chinese parent, would retain a minority stake under the proposed deal. Oracle is expected to oversee key operations like data management and algorithm updates. While former President Trump denied direct involvement with Oracle, he acknowledged widespread interest in TikTok. Other potential buyers include Elon Musk and Kevin O’Leary. The move seeks to address U.S. lawmakers’ security concerns over TikTok’s ties to Beijing.
