https://it-news.uk/tags/cloud-computing/ Recent content in Cloud Computing on IT News Hugo en-us Tue, 23 Jun 2026 00:00:00 +0800 https://it-news.uk/posts/volcano-engine-denies-ipo-doubao-2-1/ Tue, 23 Jun 2026 00:00:00 +0800 https://it-news.uk/posts/volcano-engine-denies-ipo-doubao-2-1/ <p>Volcano Engine, the cloud services arm of ByteDance, has no plans to pursue a separate initial public offering, according to company president Tan Dai. Speaking at a media session during the 2026 FORCE conference on June 23, Tan addressed growing speculation that the unit might be spun off amid soaring valuations across the AI sector. &ldquo;As far as I know, Volcano Engine currently has no plans for a separate spin-off IPO,&rdquo; Tan said, adding that ByteDance remains firmly focused on advancing its core AI technologies — including the Doubao large language model, the Seedance video generation platform, and enterprise AI-native architecture deployment.</p>