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ByteDance plans to pump $20bn capex mostly into AI

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.

Reuters on MSN · 22h

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.

Cryptopolitan on MSN · 9h

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 Times7h

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 ...

11h

TikTok Still Ticking, The $500 Billion Project Stargate, Google Buys HTC VR Tech

TikTok got a short reprieve to make a deal. Project Stargate, a $500B AI plan from OpenAI, Oracle, and Softbank, pushes Musk, Microsoft, aside. Google buys HTC VR tech.

8don 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 ...

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 ...

TikTok weighs non-sale options, ByteDance’s Ford says

NEW YORK – ByteDance is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.

13h

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.

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