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AI, ByteDance and TikTok
TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
TikTok owner ByteDance plans to spend more than $12bn on artificial intelligence infrastructure this year, betting on the cutting-edge technology for new growth while under pressure from Washington to sell its popular video-sharing app in the US.
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget of RMB 40B ($5.5B) to acquire AI chips in China this year.
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 to invest $12 billion in AI infrastructure by 2025- FT
ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst pressure from Washington for the Chinese firm to sell its popular video-sharing app in the United States.
6d
U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner
While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...
1d
on MSN
After Trump Reprieve, What Comes Next for TikTok?
The TikTok ban won't be enforced until April, but there will be plenty of contentious negotiations between China, the U.S., ...
1d
on MSN
Can TikTok be saved? A look at potential buyers and a possible merger amid pending ban
Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a ...
7d
Billionaire McCourt open to keeping original investors in any TikTok deal
Businessman Frank McCourt is "open-minded" to keeping TikTok's existing investors, including the founder, involved after any ...
3d
on MSN
China Signals It Is Open to a Deal Keeping TikTok in U.S.
SINGAPORE—China suggested it was willing to work with Donald Trump to keep TikTok operating in the U.S. The Chinese Foreign ...
6d
on MSN
Who could buy TikTok before Sunday? What to know after Supreme Court upholds ban
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the ...
5d
on MSN
The rise - and potential fall - of TikTok in the US
Challenges came in tandem with TikTok’s success. U.S. officials expressed concerns about the company’s roots and ownership, ...
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