Skip to navigation Skip to main contented Skip to close file
TipRanks
Wed, December 24, 2025 astatine 5:20 AM CST 1 min read
TikTok proprietor ByteDance is acceptable to grow its outlay connected AI adjacent year, with the institution making preliminary plans to walk $23B, oregon RMB 160B, successful superior expenditure successful 2026, Zijing Wu and Ryan McMorrow of The Financial Times reports, citing 2 radical with cognition of the matter. More than fractional of the full volition beryllium spent connected acquiring precocious semiconductors to make AI models and applications, the sources added. This is an summation from the RMB 150B invested successful AI successful 2025. Oracle (ORCL), Silver Lake, and Abu Dhabi-based MGX volition collectively ain 45% of the U.S. entity nether a woody acceptable to adjacent connected January 22, portion astir a 3rd of the institution volition beryllium held by affiliates of existent ByteDance investors, and astir 20% volition beryllium retained by ByteDance. Publicly traded companies successful the societal media abstraction see Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
-
Unlock hedge-fund level information and almighty investing tools for smarter, sharper decisions
-
Stay up of the marketplace with the latest quality and investigation and maximize your portfolio's potential
Published archetypal connected TheFly – the eventual root for real-time, market-moving breaking fiscal news. Try Now>>
See the apical stocks recommended by analysts >>
Read More connected ORCL:
Disclaimer & DisclosureReport an Issue
-
Paramount Stock (PSKY) Gains connected Larry Ellison Backstop arsenic WBD Reviews Revised $30/Share Offer
-
Palantir (PLTR) vs. Oracle (ORCL): AI Analyst Picks the Best AI Stock for 2026
-
SPY ETF Daily Update, 12/22/2025
-
Big Short Investor Danny Moses Warns astir AI: ‘The Math Isn’t Working’
-
Why Is IREN Stock Climbing Today?