Trump administration officials on Monday talked up the TikTok deal that they’ve helped arrange and provided more details about the deal’s terms, but they continue to face some skepticism.

The algorithm will be "secured, retrained and operated" in the United States outside of ByteDance’s control, Press Secretary Karoline Leavitt adds of the deal, set to be signed this week

Oracle has massive contracts with many key players in AI right now. Here's how the soon-to-be Nashville-bsaed company is fairing on a global scale.

According to the Wall Street Journal, a consortium of investors including private-equity firm Silver Lake and Oracle would own about half of a new entity running TikTok in the U.S. Existing non-Chinese investors would hold about 30%. ByteDance’s share would drop below 20% in keeping with the 2024 law.

The company also attached itself to the new TikTok deal alongside fellow Central Texas company Dell technologies and media mogul and billionaire Rupert Murdoch.

Oracle stock rose nearly 2% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also separately announced a CEO shakeup.

The Trump administration official, who insisted on anonymity to discuss the emerging deal, said they believe the plan will satisfy national security concerns.

President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.