Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- Oracle (NYSE:ORCL) will provide security for a new version of TikTok’s U.S. algorithm under a deal being negotiated between China and the U.S. government that also calls for TikTok’s U.S. operations to be sold to a group of U.S. investors, according to Bloomberg.
Under the deal, U.S. TikTok’s new owners would lease a copy of the social media app’s algorithm from TikTok’s parent company, ByteDance (BDNCE). The algorithm would then be extensively retrained, with Oracle controlling the cloud storing U.S. user data, Bloomberg said, citing a White House official close to the deal.
- Nvidia (NASDAQ:NVDA) plans to invest up to $100 billion in Microsoft-backed (NASDAQ:MSFT) OpenAI to build and deploy at least 10 gigawatts of AI data centers with Nvidia systems, with the first expected to be deployed in the latter half of 2026.
“Nvidia and OpenAI have pushed each other for a decade, from the first DGX supercomputer to the breakthrough of ChatGPT,” said Nvidia (NASDAQ:NVDA) CEO Jensen Huang, in a statement. “This investment and infrastructure partnership marks the next leap forward — deploying 10 gigawatts to power the next era of intelligence.”
The companies said the partnership will complement the work they are already doing with Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL), SoftBank (OTCPK:SFTBY) and other Stargate collaborators.
- The EU Agency for Cybersecurity has confirmed that recent disruptions at several major European airports are the result of a ransomware attack.
The agency said in a statement that law enforcement was investigating the cyberattack, but didn’t indicate where it may have originated, according to Reuters.
Reuters noted that several airports were still experiencing disruptions on Monday due to a cyberattack on their automated check-in system, which is provided by RTX’s (NYSE:RTX) Collins Aerospace.