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TikTok U.S. hunts for multiple gigawatts of computing capacity, sources tell CNBC

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Core Development: TikTok U.S. hunts for multiple gigawatts of computing capacity, sources tell CNBC
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Market & Financial Impact: The operator of the social media platform in the U.S. has sounded out opportunities to obtain capacity over the coming years.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

TikTok's U.S. entity is looking to secure multiple gigawatts of computing capacity, sources told CNBC, amid a global scramble for digital infrastructure deals.

The company, officially TikTok USDS Joint Venture, operates the social media platform in the U.S. and has sounded out opportunities to obtain capacity over the coming years, two people familiar with the discussions, who asked to remain anonymous as they weren't authorized to share the information, told CNBC.

TikTok U.S. is looking for four gigawatts of compute power by the early 2030s, one source said.

Companies across the world are looking to secure more compute capacity as artificial intelligence workloads become more prominent.

A company spokesperson told CNBC that the company "runs primarily on Oracle Cloud Infrastructure in the U.S. and Oracle will continue to be our primary cloud infrastructure provider."

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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