September 27, 2025 · 24-Hour AI Briefing: TikTok’s $14B Valuation Shock, Apple Tests “Veritas,” and TeraWulf’s $3B Data Center Expansion
In the past 24 hours, the global AI and tech landscape has been shaped by three major developments: TikTok’s surprisingly low U.S. valuation, Apple’s internal testing of a “Veritas” app to prepare Siri for a major upgrade, and TeraWulf’s $3B fundraising push with Google’s backing. Here’s IAISeek’s breakdown and commentary:
1. TikTok U.S. Business Valued at Just $14B
TikTok’s U.S. business has been priced at roughly $14 billion, with Oracle, Silver Lake, and Abu Dhabi’s MGX fund currently in talks to invest. The final composition of the investor consortium has not yet been confirmed. This valuation is far below what many analysts expected.
Commentary:
For a platform with over 150 million U.S. users and billions in monthly revenue, a $14B valuation appears deeply undervalued. The core investors are expected to hold 45–50% of TikTok’s U.S. unit and gain board seats, though negotiations are still ongoing.
The main driver of this low valuation is political and regulatory risk. For ByteDance, being forced to divest TikTok’s U.S. operations would represent a serious setback to its global strategy.
2. Apple Internally Tests “Veritas” App
Apple is internally testing a ChatGPT-like app codenamed “Veritas,” designed as part of a major Siri upgrade. For now, Veritas is strictly for internal use, with no plans for a consumer release.
Commentary:
Since its 2011 debut, Siri has been criticized as a “lagging assistant.” Meanwhile, OpenAI, Google, Microsoft, and DeepSeek have surged ahead with general-purpose large models. Apple’s approach is different: positioning large models as system-level enhancements rather than standalone products.
Whether Veritas can deliver the leap in capability Apple needs remains to be seen.
3. TeraWulf Seeks $3B to Expand Data Centers
TeraWulf, backed by Google, plans to raise $3 billion to expand its data center operations. Google has already committed $1.4 billion to the effort, targeting the surging demand for high-performance computing.
Commentary:
TeraWulf was once best known for “zero-carbon Bitcoin mining,” but since 2024 the boom in GPU demand for AI training has driven it to pivot toward data center leasing. Google previously invested $180 million in TeraWulf’s pilot projects.
This latest expansion highlights two big trends: the explosive demand for AI-ready infrastructure, and the way crypto mining firms are repositioning their assets for the AI era.
Conclusion
From TikTok’s politically burdened low valuation, to Apple’s attempt at reinventing Siri with Veritas, to TeraWulf’s aggressive data center expansion with Google, these developments reflect how capital, regulation, and technology are colliding in the AI age. The future of AI is being shaped not only by algorithms and chips, but also by strategic ecosystems and trust.
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