9th 2022: close up ByteDance company logo on office building. A Chinese information technology (IT ... with $7 billion allocated to overseas cloud services. A ByteDance spokesperson called the claims ...

ByteDance is devising plans to invest $7bn in cloud-based graphics processing units (GPUs) to circumvent US restrictions on exporting advanced chips to China, The Information reported citing sources.

including the likes of Alibaba Cloud, Tencent Holdings Ltd., Baidu Inc. and Huawei Technologies Co. Ltd. ByteDance needs a workaround because Chinese companies are prohibited from buying advanced ...

The report says ByteDance plans to invest over $20 billion in AI infrastructure, including $7 billion in accessing advanced Nvidia GPUs in the cloud, data centers, and even submarine cables.