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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.

GlobalData on MSN · 1d

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.

Hosted on MSN · 1d

ByteDance to invest $12 billion in AI infrastructure by 2025- FT

ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst pressure from Washington for the Chinese firm to sell its popular video-sharing app in the United States.

Is TikTok’s Parent Company Buying $12B Worth of AI Chips?

ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...

6don MSN

Looming TikTok ban poses financial nightmare for Google, Apple — and other American tech firms ties to China’s ByteDance

The looming TikTok ban presents a multibillion-dollar headache for app store operators Apple and Google – as well as other ...

6d

U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner

While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...

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