Oracle's Stock Surges on TikTok Deal, OpenAI Investment

Oracles stock surged by eight percent in after-hours trading following the announcement of its imminent deal with TikTok and potential investment in OpenAI. The TikTok agreement is expected to close soon, with Oracle set to review TikToks algorithms and source code. Oracle is also in talks to invest in OpenAI, the AI company behind ChatGPT. These developments come as Oracle reported strong Q4 earnings, indicating a potentially transformative period for the company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.