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Steve Mnuchin is angling to partner with an AI firm that can quickly rebuild TikToks algorithm as he looks to orchestrate a blockbuster bid to acquire the China-owned app, The Post has learned.

The former Treasury secretary first revealed last month that he was exploring a bid to buy TikTok after House lawmakers voted to pass a bill requiring its Beijing-based parent ByteDance to divest within six months or face a total US ban.

Now, insiders say Mnuchin is pitching a plan to rebuild TikToks algorithm in the US as the only likely way to satisfy Congressional concerns that the app poses a national security risk, as well as Chinas strict export laws that could block a sale.

The Senate is expected to hold hearings on the House bill later this year, although no vote has yet been scheduled.

Mnuchin believes that any effort to rebuild TikToks sophisticated algorithm would require a partner with access to advanced AI capabilities and expertise, the sources said. Given the size and complexity of the undertaking, the ex-Trump Cabinet member could partner with more than one tech firm, the sources added.

A spokesperson for Mnuchin declined to comment. TikTok did not return a request for comment.

Mnuchin has already said publicly that TikTok would need to be rebuilt in the US after an acquisition, arguing on CNBC that China will be fine selling it so long as theres not a technology transfer along the way.

Multiple experts told The Post that Oracle — the software giant headed by billionaire Trump donor Larry Ellison — is a logical candidate to join his bid. TikTok has already committed to storing the data of US users in servers operated by Oracle as part of “Project Texas,” a plan to satisfy national security and user privacy concerns.

Oracle did not return a request for comment.

When Mnuchin was Treasury secretary, Oracle nearly bought TikTok as part of the Trump administrations effort to force ByteDance to divest. Experts note that an Oracle deal wouldn’t likely to draw as much regulatory scrutiny as a deal with Big Tech firms like Google, Meta and Apple.

Oracle would make sense, given how involved theyve been in the history of this saga, according to Tobin Marcus, a former economic adviser to then-Vice President Biden during the Obama administration.

Microsoft, which is the chief investor in OpenAI, is another logical candidate. The Big Tech giant also came close to buying TikTok in 2020, with CEO Satya Nadella later remarking the aborted bid was the “strangest thing I’ve ever worked on.

Last month, the Washington Post reported that Mnuchin has told potential partners that he was in touch with Oracle as well as former Activision-Blizzard chief Bobby Kotick, who is also reportedly interested in buying the app.

A Kotick representative did not return a request for comment.

The app, which has more than 170 million American users, is sure to carry a hefty price tag. Bloomberg Intelligence estimated that its US business could be worth up to $40 billion, while others have put the price at $100 billion or beyond.  

While some critics have blasted Mnuchin’s plan as far-fetched, rebuilding the algorithm is really the only option given Chinas strict export controls on AI, according to Andrew Grotto, the former senior director for cybersecurity policy under Presidents Barack Obama and Donald Trump.

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I dont think its easy, but I also think given the right level of resource expenditure, the skys the limit in some sense, Grotto said. Whether the product is any good or not at least as good as the original underlying algorithm of TikTok, thats a different question. It seems like a minimally viable product is achievable.

Rob Atkinson, president of the Information Technology and Innovation Foundation think tank and a member of TikToks content and safety advisory council, agreed.

I dont know if its an irreplaceable algorithm, Atkinson said. It seems like with all the AI capabilities today, you could get a really good algorithm that would be maybe not 100% as good, but pretty good and over time would probably evolve to where it is today, if not better. So I dont think that would be the issue.

Rebuilding the app would be just one challenge for Mnuchins bid, which would need to secure approval from both the US and Chinese governments.

The road to the Senate floor is likely to be bumpy, according to Marcus, who views a vote as unlikely before the election. Calls for a ban swelled in March 2023 after TikTok CEO Shou Chews disastrous testimony on Capitol Hill, only to fizzle for more than a year, he noted.

The Senate certainly does not seem eager to just pick up the House bill and ram it through as-is, so theres definitely a possibility to make changes, Marcus said.

On the other side of the Pacific, critics say its a long shot for Mnuchin or any other potential buyer to secure the necessary approval from the Chinese government, which has repeatedly vowed to block any forced sale of TikTok.

One tech executive told The Post last month that a Beijing would see it as a huge besmirchment of their honor and integrity as a sovereign nation if the US government got its way.

Still, the Chinese government might find it difficult to turn down a huge market-value deal for TikToks US operations especially as its President Xi Jinping works overtime to reassure Western business leaders that the country is open for business.

I think theres a path for them signing off on it. I dont think Congress is bluffing, Atkinson said. You would diminish the value of a leading Chinese technology company by a significant amount. I think the Chinese government realizes they would be much better off if ByteDance can get a giant infusion of cash and use it to expand and do other things.

Critics also warn that delaying the sale-or-ban timeline for TikTok ensures that the Chinese Communist Party could use the app to meddle in the presidential election — one of the key reasons that lawmakers have pursued the legislation in the first place.

“The longer it remains under Beijings influence, the more control [Chinese President Xi Jinping] has over the news and information Americans under thirty-five consume and digest,” said Chris Fenton, a trustee at the US-Asia Institute. “Supporting a fair market sale to an American buyer as quickly as possible rewards investors, satisfies users, and protects national security interests.”

As The Post has reported, Senate Majority Leader Chuck Schumer (D-NY) is under pressure to hold a vote on the bill, which has drawn bipartisan support even as some lawmakers raise concerns that muzzling TikTok could violate the First Amendment or set a bad precedent on the targeting of specific companies via government legislation.

Senate lawmakers are reportedly debating potential changes to the bill including extending the six-month window or broadening its scope to target social media. Sen. Maria Cantwell (D-Wash.), who chairs the Senate Commerce Committee, reportedly wants to hold at least one public hearing before any potential vote.

Indeed, the House bills tight six-month divestment window is viewed as a major obstacle to the plan with 12 to 18 months seen as a more realistic timeline to close a deal that includes rebuilding a working version of the software, the sources added.

Prospective buyers are likely to seek an agreement that would allow TikTok to remain operational using its current software until the new algorithm is ready to be implemented even if that means exceeding the stipulated divestment window.

Cantwell has signaled she is in favr of an extended deadline, telling reporters it “would be a good component to guarantee success.”

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Red Sox deal All-Star Devers to Giants in stunner

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Red Sox deal All-Star Devers to Giants in stunner

The San Francisco Giants acquired three-time All-Star Rafael Devers from the Boston Red Sox on Sunday in a stunning trade that sent a player Boston once considered a franchise cornerstone to a San Francisco team needing an offensive infusion.

Boston received left-handed starter Kyle Harrison, right-hander Jordan Hicks, outfield prospect James Tibbs III and Rookie League right-hander Jose Bello.

The Red Sox announced the deal Sunday evening.

The Giants will cover the remainder of Devers’ contract, which runs through 2033 and will pay him more than $250 million, sources told ESPN.

The trade ends the fractured relationship between Devers and the Red Sox that had degraded since spring training, when Devers balked at moving off third base — the position where he had spent his whole career — after the signing of free agent Alex Bregman. The Red Sox gave no forewarning to Devers, who expressed frustration before relenting and agreeing to be their designated hitter.

After a season-ending injury to first baseman Triston Casas in early May, the Red Sox asked Devers to move to first base. Devers declined, suggesting the front office “should do their jobs” and find another player after the organization told him during spring training he would be the DH for the remainder of the season. The day after Devers’ comments, Red Sox owner John Henry, president Sam Kennedy and chief baseball officer Craig Breslow flew to Kansas City, where Boston was playing, to talk with Devers.

In the weeks since, Devers’ refusal to play first led to internal tension and helped facilitate the deal, sources said.

San Francisco pounced — and added a force to an offense that ranks 15th in runs scored in Major League Baseball. Devers, 28, is hitting .272/.401/.504 with 15 home runs and 58 RBIs, tied for the third most in MLB. Over his nine-year career, Devers is hitting .279/.349/.509 with 215 home runs and 696 RBIs in 1,053 games.

Boston believed enough in Devers to give him a 10-year, $313.5 million contract extension in January 2023. He rewarded the Red Sox with a Silver Slugger Award that season and made his third All-Star team in 2024.

Whether he slots in at designated hitter or first base with San Francisco — the Giants signed Gold Glove third baseman Matt Chapman to a six-year, $151 million deal last year — is unknown. But San Francisco sought Devers more for his bat, one that immediately makes the Giants — who are fighting for National League West supremacy with the Los Angeles Dodgers — a better team.

To do so, the Giants gave a package of young talent and took on the contract that multiple teams’ models had as underwater.

Harrison, 23, is the prize of the deal, particularly for a Red Sox team replete with young hitting talent but starving for young pitching. Once considered one of the best pitching prospects in baseball, Harrison has shuttled between San Francisco and Triple-A Sacramento this season.

Harrison, who was scratched from a planned start against the Dodgers on Sunday night, has a 4.48 ERA over 182⅔ innings since debuting with the Giants in 2023. He has struck out 178, walked 62 and allowed 30 home runs. The Red Sox optioned Harrison to Triple-A Worcester after the trade was announced.

Hicks, 28, who has toggled between starter and reliever since signing with the Giants for four years and $44 million before the 2024 season, is on the injured list because of right toe inflammation. One of the hardest-throwing pitchers in baseball, Hicks has a 6.47 ERA over 48⅔ innings this season. He could join the Red Sox’s ailing bullpen, which Breslow has sought to upgrade.

Tibbs, 22, was selected by the Giants with the 13th pick in last year’s draft out of Florida State. A 6-foot, 200-pound corner outfielder, Tibbs has spent the season at High-A, where he has hit .245/.377/.480 with 12 home runs and 32 RBIs in 56 games. Scouts laud his command of the strike zone — he has 41 walks and 45 strikeouts in 252 plate appearances — but question whether his swing will translate at higher levels.

Bello, 20, has spent the season as a reliever for the Giants’ Rookie League affiliate. In 18 innings, he has struck out 28 and walked three while posting a 2.00 ERA.

The deal is the latest in which Boston shipped a player central to the franchise.

Boston traded Mookie Betts to the Dodgers in February 2020, just more than a year after leading Boston to a franchise-record 108 wins and a World Series title and winning the American League MVP Award.

Devers was part of that World Series-winning team in 2018 and led the Red Sox in RBIs each season from 2020 to 2024, garnering AL MVP votes across each of the past four years. Devers had been with the Red Sox since 2013, when he signed as an international amateur free agent out of the Dominican Republic. He debuted four years later at age 20.

Boston is banking on its young talent to replace Devers’ production. The Red Sox regularly play four rookies — infielders Kristian Campbell and Marcelo Mayer, outfielder Roman Anthony and catcher Carlos Narvaez — and infielder Franklin Arias and outfielder Jhostynxon Garcia are expected to contribute in the coming years.

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Ohtani to return to mound vs. Padres on Monday

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Ohtani to return to mound vs. Padres on Monday

Shohei Ohtani will make his long-awaited return to pitching on Monday night in a matchup against the division-rival San Diego Padres, the Los Angeles Dodgers announced.

Ohtani, 21 months removed from a second repair of his ulnar collateral ligament, will be used as an opener, likely throwing one inning. Because of his two-way designation, Ohtani qualifies as an extra pitcher on the roster, giving the Dodgers the flexibility to use a piggyback starter behind him.

That is essentially what will take place in his first handful of starts — a byproduct of the progress Ohtani has made in the late stages of his pitching rehab.

Ohtani, 30, initially seemed to be progressing toward a return some time around August. But he made a major step during his third simulated game from San Diego’s Petco Park on Tuesday, throwing 44 pitches over the course of three simulated innings and compiling six strikeouts against a couple of low-level minor leaguers.

Afterward, Dodgers manager Dave Roberts said it was a “north of zero” chance Ohtani could return before the All-Star break. When he met with reporters prior to Sunday’s game against the San Francisco Giants — an eventual 5-4 victory — Roberts said it was a “possibility” Ohtani could pitch after just one more simulated game.

After the game, Roberts indicated the timeline might have been pushed even further, telling reporters it was a “high possibility” Ohtani would pitch in a big league game this week as an opener, likely during the upcoming four-game series against the Padres.

“He’s ready to pitch in a big league game,” Roberts told reporters. “He let us know.”

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Minnesota manhunt continues for gunman who ‘posed as cop’ to kill Melissa Hortman and her husband

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Minnesota manhunt continues for gunman who 'posed as cop' to kill Melissa Hortman and her husband

A manhunt is continuing after the gunning down of a Democrat politician and her husband – with police saying they’re acting on the assumption he is still alive and dangerous.

Melissa Hortman and Mark Hortman were shot dead at home in a Minneapolis suburb on Saturday in what governor Tim Walz called a “politically motivated assassination”.

Democrat senator John Hoffman and his wife were also shot multiple times at their home nine miles away, but survived.

A search is under way for Vance Boelter, 57, who authorities believe wore a mask as he posed as a police officer, and also used a vehicle resembling a squad car.

Several AK-style firearms and a list of about 70 names, which included politicians and abortion rights activists, were found inside.

Graphic of Minnesota State Representative Melissa Hortman (L) and Senator John Hoffman. Pic: Facebook / Minnesota Legislature
Image:
Melissa Hortman and Senator John Hoffman. Pic: Facebook / Minnesota Legislature

Boelter was last caught on camera wearing a cowboy hat – a similar hat was found near another vehicle belonging to him on Sunday.

Authorities said at their latest news conference they assume he is still alive.

Hundreds of police officers are searching for Boelter, who escaped from the Hortmans’ house on foot after an exchange of gunfire.

Vance Boelter images

Senator Hoffman was shot nine times and is having multiple surgeries, according to a text message shared on Instagram by fellow senator Amy Klobuchar on Sunday.

The text from Mr Hoffman’s wife, Yvette, added: “I took 8 and we are both incredibly lucky to be alive.”

She said her husband “is closer every hour to being out of the woods”.

“We believe [Boelter’s] somewhere in the vicinity and that they are going to find him,” Senator Klobuchar told NBC’s Meet the Press.

“Everyone’s on edge here,” she added, “because we know that this man will kill at a second.”

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Neighbours of killed US politician stunned

Police said they responded to gunfire reports at the Hoffmans’ Champlin home shortly after 2am on Saturday and found them with multiple gunshot wounds.

They then checked on the Hortmans’ home, in the nearby Brooklyn Park suburb, and saw what appeared to be a police car and a man dressed as an officer leaving the front door.

“The individual immediately fired upon the officers, who exchanged gunfire, and the suspect retreated back into the home” and escaped on foot, said Brooklyn Park police chief Mark Bruley.

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Neighbours of murdered US politician stunned

Another vehicle belonging to Boelter was searched on Sunday in Minnesota’s Faxon Township. A cowboy hat similar to the one seen in the police appeal was found nearby.

It’s been revealed that the suspect texted friends around 6am on Saturday to say he had “made some choices” and was “going to be gone for a while”.

According to AP, which has seen the messages, he reportedly said: “May be dead shortly, so I just want to let you know I love you guys both and I wish it hadn’t gone this way… I’m sorry for all the trouble this has caused.”

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Governor calls it ‘targeted political violence’

Records show Boelter – a father of five – is a former political appointee who served on the same state workforce development board as Mr Hoffman.

However, it’s unclear to what extent they knew each other, if at all.

Mr Hoffman, 60, was first elected in 2012 and runs a consulting firm called Hoffman Strategic Advisors.

Melissa Hortman. Pic: Instagram.
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The motive behind Melissa Hortman’s killing remains unclear. Pic: Instagram

Melissa Hortman, a 55-year-old mother of two, was first elected in 2004 and was the top house Democratic leader in the state legislature.

She also served as speaker of the Minnesota House of Representatives.

Mrs Hortman used her position to champion protections around abortion rights, including laws to cement Minnesota’s status as a safe refuge for people from restrictive states, who travel there for an abortion.

Her work also sought to introduce protections for services that provide abortions.

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