Search results for Silver Lake
AI & Enterprise
TikTok U.S. unit seeks to secure 4 gigawatts of computing capacity by early 2030s
TikTok’s U.S. unit is pushing to secure multi-gigawatt computing capacity over the next several years, CNBC reported. People familiar with the talks said it wants 4 gigawatts of computing power by the early 2030s. TikTok said its U.S. service mainly runs on Oracle cloud infrastructure and Oracle will remain a key provider. Job postings and plans to retrain its recommendation algorithm on U.S. user data point to rising demand.
AI & Enterprise
Workday shares surge more than 25 percent on report of Silver Lake takeover talks; trading halted
Workday shares jumped more than 25 percent after a report that private equity firm Silver Lake is in talks to acquire the software company, CNBC reported on Aug. 13. Trading in Workday was briefly halted late in the session, the report said. Workday and Silver Lake did not immediately respond to questions. Software companies such as Workday have faced pressure in recent months over concerns that AI tools could disrupt existing business models.
Industry
ByteDance valuation tops $600 billion as demand surges for founder stake sale
ByteDance, the parent of TikTok, has topped a record valuation of more than $600 billion as investor demand concentrated on a stake sale led by one of its founding members. The deal targets about $900 million in share transfers. People familiar with the matter said the seller initially priced the company at about $550 billion but raised the price amid sustained interest. ByteDance did not immediately respond to a request for comment.
