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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 $20bln capex in 2025, mostly on AI, sources say
The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment, they 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.
1d
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 ...
devdiscourse
1d
ByteDance's $12 Billion Bet on AI: A New Era of Tech Innovation
ByteDance, the owner of TikTok, plans to invest over $12 billion in AI infrastructure in 2023. This strategic move aims to ...
8d
on MSN
TikTok owner ByteDance powered an e-reader’s unhinged AI assistant
But the model is only meant to be used within China’s mainland, a ByteDance spokesperson told TechCrunch. The e-reader’s ...
1d
on MSN
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 ...
devdiscourse
1d
ByteDance's Bold AI Investment
ByteDance, the owner of TikTok, plans to invest $12 billion in AI chip technology by 2025. This strategic move indicates the ...
1d
ByteDance Unveils Upgraded Model Behind Its AI Chatbot
TikTok owner ByteDance has released upgrades to its large language model, which powers its AI chatbot, marking the social media giant's latest efforts to lead the global AI race. ByteDance's ...
2d
ByteDance launches AI code editor based on Microsoft software as TikTok ban is delayed
ByteDance has launched an artificial intelligence (AI)-powered code editor in competition with American leaders like Cursor ...
4d
on MSN
AI company Perplexity bids to merge with TikTok to avoid ban: report
Perplexity, an artificial intelligence search engine startup, has bid to merge with TikTok U.S. so the platform can avoid ...
1h
Trump seeks TikTok deal
Welcome to The Hill’s Technology newsletter {beacon} Technology Technology   The Big Story TikTok buyers line up with Trump, ...
VN Express
2d
ByteDance’s AI boom propels China’s Zhou into world’s richest list
Chinese entrepreneur Zhou Chaonan has joined the list of the world’s 500 richest people, driven by TikTok owner ByteDance’s ...
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