Tech major Oracle is reportedly planning to cut as many as 20,000 to 30,000 jobs globally, as the company looks to redirect resources towards building Artificial Intelligence data centres, a report by ...

Oracle (ORCL-N) gained 2 per cent on Monday after Wall Street analysts said the software company’s US$50-billion fundraising ‍plan allays worries over its ability to finance a massive data-centre ...

Washington — A year after a federal law that effectively mandated a nationwide ban on TikTok went into effect, the platform announced the formation of a new U.S.-based entity to comply with the ...

TikTok and its Chinese parent company ByteDance have formed a joint venture to transfer parts of TikTok's US business to non-Chinese owners, including Oracle, Silver Lake and MGX. (Reuters / Dado ...

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years. The social video platform company signed ...

ByteDance gets 19.9pc ownership, while Oracle, Silver Lake and MGX each get 15pc. Six years in legal limbo and numerous skirted bans later, TikTok owner ByteDance has finally struck a deal to create a ...

Brits have been warned of the exact date a new “Beast from the East” could slam into the UK, with some of the worst winter conditions still to come and temperatures forecast to plunge as low as -12C ...

SAN FRANCISCO (AP) — TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture, ensuring the popular social video platform can ...

TikTok moved to end a yearslong political and legal battle on Thursday as CEO Shou Chew told staff the company signed agreements to form a new U.S. joint venture with American-led investors, with the ...