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ByteDance plans to pump $20bn capex mostly into AI
Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
ByteDance plans to invest $12bn in AI infrastructure
The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in China
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.
3d
on MSN
ByteDance director confident TikTok deal will get done, sees options to avoid an outright sale
A major shareholder of ByteDance, the Beijing-based owner of TikTok, said Wednesday he was confident that a deal will be ...
3d
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI ...
1d
China's ByteDance in race with US rivals to drive artificial general intelligence
Social-media giant ByteDance, China's most valuable unicorn, on Thursday unveiled its Seed Edge initiative, a long-term ...
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2d
Douyin to build hospital in Beijing as it expands footprints in healthcare
Chinese video-sharing platform Douyin, which is owned by tech behemoth ByteDance, will build a tertiary hospital in Chaoyang ...
3d
on MSN
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
Opinion
12d
on MSN
Opinion
The clock is ticking on TikTok: U.S. Supreme Court is likely to force Beijing to sell or shut down
Based on the questioning of the U.S. Supreme Court on Friday, the justices sound inclined to uphold a law requiring the ...
Opinion
1d
on MSN
Opinion
TikTok fight sets the tone for US-China relations under Trump 2.0
The Supreme Court upheld the TikTok ban, causing the app to go dark for half a day. Then, Trump issued an executive order to ...
3d
China's most popular AI app gets facelift with ByteDance's Doubao 1.5
TikTok parent ByteDance has launched an updated version of Doubao, China's most popular consumer-facing artificial ...
5d
on MSN
Kevin O'Leary warns TikTok's fate could be determined by 'secret golden share' granting Beijing 'veto' power
"Shark Tank" investor Kevin O'Leary discussed TikTok's future, particularly the role of a "secret golden share" as his offer ...
3d
on MSN
After Trump Reprieve, What Comes Next for TikTok?
The TikTok ban won't be enforced until April, but there will be plenty of contentious negotiations between China, the U.S., ...
2d
With Trump’s TikTok extension, new potential U.S. buyers emerge
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
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