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Reuters on MSN · 10h

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.

GlobalData on MSN · 1d

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’s $12 Billion Investment in AI Infrastructure by 2025

ByteDance, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence infrastructure by the year 2025. According to a report from the Financial Times,

1don 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 ...

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 ...

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