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 to Invest $12B in AI Infrastructure Amid U.S. Pressure
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 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.
ByteDance plans $20 billion capex in 2025, mostly on AI
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.
TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
TikTok owner ByteDance plans to spend more than $12bn on artificial intelligence infrastructure this year, betting on the cutting-edge technology for new growth while under pressure from Washington to sell its popular video-sharing app in the US.
ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
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,
TikTok owner goes all-in on AI: ByteDance earmarks $20B for global expansion
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,
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
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,
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
TikTok owner ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this year, betting on ...
ByteDance’s $12 Billion Investment in AI Infrastructure by 2025
ByteDance, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence infrastructure by the year 2025. According to a report from the Financial ...
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 ...
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 ...