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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
BEIJING (Reuters) - 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 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.
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.
Business Times
3h
Tiktok weighs non-sale options, ByteDance’s Bill Ford says
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board ...
9h
ByteDance weighs non-sale options for TikTok
ByteDance is exploring a deal to keep TikTok running in the United States without selling its operations there, according to board member Bill Ford.
8d
Here’s How Much Billionaires Like Musk Might Pay For TikTok U.S.
TikTok is difficult to value. Keeping those complications in mind, Forbes spoke with at least nine people and came up with ...
The New York Times
6d
Even Before TikTok’s Troubles, Chinese Companies Were Wary of Washington
Firms like
ByteDance
, the company behind TikTok, courted major American investment firms like General Atlantic and Susquehanna Capital. Chinese start-ups in Shanghai and Shenzhen saw an initial ...
8d
on MSN
What to know about RedNote, a TikTok alternative
TikTok patrons are turning to a new platform in light of the nationwide ban set to shut down the app on Sunday. RedNote, a ...
6d
Why TikTok Matters to Small Businesses
TikTok is a key tool for the success of many small businesses in America. Kevin O'Leary says six million businesses use the ...
8d
Over half a million ‘TikTok refugees’ flock to China's RedNote
New users have piled in to Chinese social media app RedNote just days before a proposed U.S. ban on the popular social media ...
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