Trump Considers Elon Musk or Larry Ellison for TikTok Purchase
President Donald Trump expressed openness to Elon Musk buying TikTok, considering the platform "worthless" without a permit from the United States. Trump confirmed this stance during a press conference where he announced the $500 billion AI infrastructure project Stargate. He also mentioned Larry Ellison, CEO of Oracle, as another potential buyer.
Stargate Project and Competition with China
During the announcement of the Stargate project, Trump emphasized the importance of keeping the artificial intelligence infrastructure within the United States, citing competition from countries like China. The project aims to funnel $500 billion over the next four years, with key executives like Larry Ellison and others involved.
Trump's Involvement in TikTok's Future
Following TikTok's parent company ByteDance's failure to find a buyer by the deadline, TikTok went dark temporarily. Trump later signed an executive order to keep the app operational for 75 days and invited TikTok's CEO Shou Zi Chew to his inauguration. He proposed that the US should own 50% of TikTok, emphasizing the app's value and potential worth.
