ByteDance plans to pump $20bn capex mostly into AI

TikTok, ByteDance

TikTok owner goes all-in on AI: ByteDance earmarks $20B for global expansion
This significant investment demonstrates ByteDance's commitment to becoming a major player in the global AI landscape, even ...
Report: ByteDance sets aside about $20B for AI spending this year
TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial ...
ByteDance releases new AI reasoning model in a bid to challenge OpenAI
ByteDance released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAI's o1 in AIME.
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ByteDance to invest over $20B in AI development this year
ByteDance, the Chinese tech giant behind TikTok, has set aside over 150 billion yuan ($20.64 billion) for capital expenditure ...
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 ...
ByteDance board member believes there’s a possibility to retain TikTok ownership without divesting
The deal would involve a change of control on a local level. ByteDance currently has until April 5, 2025 to divest its stake in TikTok to a ...
CapCut ban update: ByteDance video editor is back for U.S. users, but it’s still not in Apple and Google app stores
The popular video-editing tool had remained dark for much of the day on Monday even after TikTok returned in the wake of ...