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Oracle is indeed part of an upcoming deal for a US spin-off of TikTok, The Wall Street Journal reports, as a member of a consortium that also includes Silver Lake and Andreessen Horowitz. The US and China are finalizing the framework for a deal that would create a new US entity, with American investors holding a roughly 80% ownership stake. |
- Oracle has long been in the running, along with executives close to the Trump administration including not only members of the Ellison family but also CEO Safra Katz, who served on President Trump’s 2016 transition team.
- Andreessen Horowitz, the storied venture capital firm and the largest in the field, also has significant links to the administration in addition to lots of ties to “First Buddy” Elon Musk.
- Silver Lake is a major player in the private equity space; it’s incidentally the owner of Endeavor, a big talent agency in the entertainment industry, and took it private in March of this year.
- Existing investors in ByteDance, including Susquehanna International, KKR, and General Atlantic, would also have skin in the game.
- The remaining 20% would be owned by Chinese investors.
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Under the current structure of the deal, US users would have to download and use a new app, which TikTok is now testing. The entity would have a largely American board, including one member nominated by the US government, the WSJ reports. |
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Trump has extended the deadline for a deal until December 16. TikTok engineers would have to recreate the content recommendation algorithms for the new app, licensing tech from ByteDance. |
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AI Frenzy Could Launch the EarnPhone Boom |
The hidden fuel behind AI? Your phone. Billions of data points — from your clicks, swipes, scrolls, and searches — are feeding the next wave of AI innovation. Big Tech is harvesting it.1 Mode Mobile is giving it back to you. They are contributing to a user-powered data economy that shares the upside, and +50M users have already generated +$325M in earnings. This isn’t theory… Mode’s 32,481% revenue growth from 2019-2022 landed them the #1 spot on Deloitte’s 2023 list of fastest growing companies in software,2 and they’ve secured the Nasdaq ticker $MODE ahead of a potential IPO.3 AI breakthroughs are everywhere, but these models need your data to survive. And you can still invest in the company that allows you to earn money from it. ⌛Share price set to change soon – invest now.4 |
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- 💃 70% of all queries were not related to work.
- 📝 The most common use for ChatGPT at work was writing, and mostly just to modify or improve a user’s text.
- 🙋🏻 About half (49%) of all queries were classified as “asking” — for guidance, advice, or information. 40% of messages were requests classified as “doing,” or asking the chatbot to complete a task.
- 👩💻 Female users contributed more than half of all queries, a massive shift from early on, when the vast majority of users were male. But it’s worth noting that the study determined this in a questionable way.
- 🛹 The youth loves AI. Half of all messages were from adults under 26.
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Investors and businesses are anxious to see the real-world returns of all that capex pouring into AI, and the report on ChatGPT use isn’t encouraging, though Anthropic’s shows some promise. Meanwhile, let’s be real: usage is up because kids are back at school, and it’s new fun toys like Google’s Nano Banana that power most of the excitement and chatter — and downloads — for AI, as Google can currently brag about. |
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