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.
TikTok, ByteDance
Chinese video-sharing platform Douyin, which is owned by tech behemoth ByteDance, will build a tertiary hospital in Chaoyang ...
TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed ...
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ...
"Shark Tank" investor Kevin O'Leary discussed TikTok's future, particularly the role of a "secret golden share" as his offer ...
The TikTok ban won't be enforced until April, but there will be plenty of contentious negotiations between China, the U.S., ...
TikTok parent ByteDance has launched an updated version of Doubao, China's most popular consumer-facing artificial ...
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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 ...
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