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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.
10h
China's ByteDance in race with US rivals to drive artificial general intelligence
Social-media giant ByteDance, China's most valuable unicorn, on Thursday unveiled its Seed Edge initiative, a long-term ...
The Financial Express
11h
ByteDance’s Doubao: China’s answer to GPT-4o is 50x cheaper and ready for action: Details
ByteDance's Doubao 1.5 Pro follows the success of the AI company DeepSeek, which surprised the global tech community by ...
3d
on MSN
ByteDance, China unlikely to agree to 50% U.S. ownership of TikTok: Expert
Evan Feigenbaum of Carnegie Endowment for International Peace believes ByteDance and Chinese officials are unlikely to agree ...
2d
China's most popular AI app gets facelift with ByteDance's Doubao 1.5
TikTok parent ByteDance has launched an updated version of Doubao, China's most popular consumer-facing artificial ...
2d
on MSN
ByteDance director confident TikTok deal will get done, sees options to avoid an outright sale
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ...
Mobile World Live
9h
ByteDance seeks alternative to TikTok sale
A ByteDance board member said the company seeks to find an alternative to selling TikTok US while allaying national security ...
16h
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 ...
Opinion
5h
on MSN
Opinion
TikTok fight sets the tone for US-China relations under Trump 2.0
The Supreme Court upheld the TikTok ban, causing the app to go dark for half a day. Then, Trump issued an executive order to ...
5d
It’s Not Just TikTok: These Other ByteDance Apps Are Gone Too
TikTok is no longer available in the United States —at least for now. But it’s not the only ByteDance-owned app that’s ...
Digi Times
3d
ByteDance outpaces Alibaba, Baidu: a deep dive into China's evolving AI chatbot market
ByteDance's Doubao has emerged as a leading contender in China's competitive AI chatbot landscape. In December 2024, Doubao ...
3d
China softens stance on TikTok deal in US as Trump offers 75-day grace period, sources say
Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ...
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