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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 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 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.
Trump orders US exit from World Health Organization
The US intends to leave the World Health Organization. What happens next?
The WHO is a United Nations agency that aims to expand universal health coverage, coordinates responses to health emergencies such as pandemics, and has a broad focus on healthy lives. It does not have the power to enforce health policy, but influences policy worldwide, especially in low-income countries.
What is the World Health Organization and why does Trump want to leave it?
Ooh, that’s a big one,” Donald Trump said Monday as he signed an executive order – one of dozens during his first hours as president – to withdraw the United States from the World Health Organization.
The potential impacts of Trump’s decision to withdraw from the World Health Organization
As part of his blitz of executive orders, President Trump delivered on a promise to withdraw the United States from the World Health Organization. The Trump White House accuses the WHO of mishandling the COVID-19 pandemic and bias toward China.
upnorthlive
1d
Fact Check Team: Trump's executive orders bring legal challenges and potential pushback
President Donald Trump set a record on his first day back in office by issuing 26 executive orders, aiming to fulfill many of ...
2d
Trump issues flurry of orders on TikTok, DOGE, social media, AI, and energy
President Donald Trump's flurry of day-one actions included a reprieve for TikTok, the creation of a Department of Government ...
Opinion
1d
Opinion
Trump Is Already Making America Weaker and More Vulnerable
Favoring TikTok over national security, releasing rioters, undermining global health efforts — these actions put all of us at ...
1d
Xi Jinping and Vladimir Putin reaffirm ties as Donald Trump returns to the White House
Chinese President Xi Jinping reaffirmed ties with his Russian counterpart Vladimir Putin on Tuesday, as the two face a more ...
2d
Stocks diverge, dollar rallies as Trump gets to work
European and Asian stock markets diverged Tuesday and the dollar rallied as Donald Trump wasted no time in starting his ...
2d
on MSN
Trump Says He's Open to Billionaire Ally Elon Musk Buying TikTok
President Donald Trump has announced that he's open to billionaire ally Elon Musk buying TikTok. Newsweek's live blog is ...
6h
Evening Report — Trump takes ‘America First’ to the world
Report TRUMP FIRST 100 DAYS © AP PhotoTrump takes ‘America First’ to the world stage PRESIDENT TRUMP TOOK HIS “AMERICA FIRST” DOCTRINE to the world ...
1d
Trump’s Hint at Deal Making Gives China a Little Breathing Room
Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy ...
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