TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
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ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this ...
(Reuters) -ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to ...
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ByteDance plans to invest $12bn in AI infrastructureThe development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
According to the Financial Times, ByteDance is planning to invest over $12 billion in artificial intelligence infrastructure ...
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ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in ChinaChinese 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 ...
ByteDance, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence ...
ByteDance, the owner of TikTok, plans to invest over $12 billion in AI infrastructure in 2023. This strategic move aims to ...
ByteDance: The main beneficiaries of the spending will be chipmakers Huawei Technologies and Cambricon Technologies plus US ...
ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence ...
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