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.
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.
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board ...
Zdata Technologies Co., a Chinese data center company, is considering an IPO in Hong Kong. This is reported by foreign media. Zdata, whose clients are JD.com Inc., ByteDance Ltd., owner ... The ...
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.
Several parties have expressed interest in buying the platform, but ByteDance has repeatedly said it does not plan to sell. Experts have also noted the Chinese government is unlikely to approve a ...
Start-ups with Chinese ties have found it increasingly difficult to do business and list shares in the United States.
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