The mandate of the TikTok USDS Joint Venture is to protect US users’ data, applications and algorithm through comprehensive data privacy and cybersecurity measures. It will safeguard the US content ecosystem through strong trust and security policies and content moderation, while ensuring continued accountability through transparency reporting and third-party certifications.
Data protection: US user data will be protected by USDS Joint Venture in Oracle’s secure US cloud environment. The joint venture will operate a comprehensive cybersecurity and data privacy program that will be audited and certified by third-party cybersecurity experts. The program will comply with leading industry standards, including the National Institute of Standards and Technology (NIST) CSF and 800-53 and ISO 27001, as well as the Cybersecurity and Infrastructure Security Agency (CISA) security requirements for restricted transactions.
Algorithm security: The joint venture will retrain, test and update the content recommendation algorithm on US user data. The content recommendation algorithm will be secured in Oracle’s US cloud environment.
Software Warranty: The joint venture will protect US applications through software assurance protocols and will continually review and validate source code, with assistance from its trusted security partner, Oracle.
Trust and security: The joint venture will safeguard the US content ecosystem and have authority to make decisions on trust and security policies and content moderation.
TikTok USDS Joint Venture has three managing investors, Silver Lake, Oracle and MGX, each with 15%. Rounding out the full consortium of investors are: Dell Family Office, the investment firm of Michael Dell, founder, chairman and CEO of Dell Technologies; Vastmere Strategic Investments, LLC, an affiliate of Susquehanna International Group, LLP; Alpha Wave Partners; Revolution; Merritt Way, LLC controlled and managed by partners of Dragoneer; Via Nova, a subsidiary of General Atlantic; Virgo LI, Inc., investment arm of a foundation established by Yuri and Julia Milner in support of science; and NJJ Capital, the family office of Xavier Niel, French entrepreneur and telecommunications pioneer. ByteDance retains 19.9% of the joint venture.
