FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: ByteDance to Build Own CPUs to Help with AI Launch, Sources Say

By

ByteDance is building its own central processing units to help support growing artificial intelligence hardware needs, Reuters reported Thursday, citing three people familiar with the matter.

The move by TikTok's owner will help the company cope with surging chip prices and supply shortages, the newswire said.

ByteDance's action signifies a shift toward "inference," where AI models perform agentic or autonomous tasks that demand more power from CPUs, the report said.

The company will deploy its proprietary CPU in its own servers and data centers as it looks to roll out its Coze agent-based platform, the report said, citing one of the sources.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Guangzhou Development Raises 1 Billion Yuan Via Five-Year Bond Issue

Guangzhou Development (SHA:600098) issued 1 billion yuan in five-year bonds due May 2031.The bonds carry an interest rate of 1.85%, according to a Thursday filing with the Shanghai bourse.Ping An Securities served as lead underwriter, with Guotai Haitong Securities as co-lead underwriter.Shares of the power company closed 4% higher Thursday.

$SHA:600098
Asia

Shudao Equipment Bags Air Separation Construction Bid

Sichuan Shudao Equipment & Technology (SHE:300540) won the bid for the construction of air separation units for a gas demonstration project, according to a Shenzhen bourse filing on Thursday.The company will construct four units with 78,870 normal cubic meter per hour each.The units will be part of Xinjiang Qinghua Feng Energy's 5.5 billion cubic meter coal-to-natural gas demonstration project.Shares of the natural gas liquefaction equipment manufacturer closed 2% higher.

$SHE:300540
Asia

I-Med Purchase Boosts Jardine Matheson Holdings' Business Portfolio, S&P Says

Jardine Matheson Holdings' (SGX:J36) purchase of Australia-based I-Med Radiology Network improves its business portfolio, S&P Global Ratings said in a Thursday release.S&P expects the Hong Kong-based conglomerate to boost the acquired firm's growth, given its push for expansion spending and efforts to navigate new markets.I-Med will yield an annual EBITDA growth of between 10% and 15% in its share of Jardine's portfolio, parallel to its 12% reported EBITDA growth over the five years to end-June 2025, S&P said.Organic growth amid a rise in the Australia and New Zealand medical imaging markets, network expansion in these markets, and progress in technology and AI tools will serve as growth drivers, S&P said.Jardine's debt-to-EBITDA ratio should remain under 2x after the acquisition's completion amid organic growth and likely asset sales, S&P said.

$SGX:J36