ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital expenditures in 2025, with a substantial portion of the funds being directed toward artificial intelligence,
ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.
Chinese ByteDance reportedly plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home. Sources who spoke to Reuters revealed the TikTok owner will pump a significant chunk of the total money (150 billion yuan or $20 billion) abroad into AI infrastructure development.
Beijing-based ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget of RMB 40B ($5.5B) to acquire AI chips in China this year, the Financial Times reported Tuesday,
ByteDance, TikToks parent company, is reportedly gearing up for a $12 billion investment in artificial intelligence (AI) infrastructure in 2025, according to the Financial Times. This strategic move follows U.
ByteDance's Doubao 1.5 Pro follows the success of the AI company DeepSeek, which surprised the global tech community by introducing its own efficient AI model last year.
ByteDance: The main beneficiaries of the spending will be chipmakers Huawei Technologies and Cambricon Technologies plus US supplier Nvidia, the people said, declining to be identified as the information was confidential.
ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure such as data centers and networking equipment. This spending aims to bolster AI capabilities both domestically and internationally,
ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, says that's false.
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.