The mandate of the TechToc USDS joint venture is to secure US consumer data, apps and algorithms through secure data privacy and cybersecurity measures. It will protect the U.S. content ecosystem through robust trust and security policies and content moderation, while ensuring ongoing accountability through transparent reporting and third-party certification.

Data Protection: US customer data will be stored in Oracle’s secure US cloud environment by the USDS joint venture. The joint venture will operate a comprehensive data privacy and cybersecurity program audited and certified by third-party cybersecurity experts. The program will adhere to major industry standards, including National Institute of Standards and Technology (NIST) CSF and 800-53 and ISO 27001, as well as Cybersecurity and Infrastructure Security Agency (CISA) security requirements for limited transactions.

Algorithm Security: The joint venture will retrain, test and update content recommendation algorithms on US consumer data. Content recommendation algorithms will be stored in Oracle’s US cloud environment.

Software Assurance: The joint venture will secure US apps through software assurance protocols, and review and validate source code on an ongoing basis with the help of its trusted security partner, Oracle.

Trust and Security: The joint venture will protect the US content ecosystem and have decision-making authority for trust and security policies and content moderation.

The TikTok USDS joint venture has three managing investors, Silverlake, Oracle and MGX, with 15% each. Completing the full consortium of investors are: the Dell Family Office, the investment firm of Michael Dell, founder, chairman and CEO of Dell Technologies; Wastmere Strategic Investments, LLC, an affiliate of Susquehanna International Group, LLP. Alpha Wave Partners; revolution; Meritway, LLC is controlled and managed by Dragonair Partners. by Nova, an affiliate of General Atlantic; Virgo Lee, Inc., the investment arm of a foundation founded by Yuri and Julia Milner in support of science. and NJJ Capital, the family office of Xavier Neal, a French entrepreneur and pioneer in telecommunications. BytDance retains 19.9% ​​of the joint venture.