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Oracle to run TikTok’s U.S. business with Silver Lake, MGX

admin December 19, 2025 0 Comments

Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]

Abu Dhabi’s MGX investments in Trump crypto, TikTok, OpenAI

admin October 16, 2025 0 Comments

UAE National Security Advisor, Sheikh Tahnoon bin Zayed Al Nahyan meets with U.S. President Donald Trump in the White House on March 18, 2025. Courtesy: Donald J. Trump | Via Truth Social As artificial intelligence startups raise increasingly large sums of cash to fund their swelling infrastructure needs, they’re turning to strategic partners like Nvidia […]