ByteDance said: "the anonymously sourced information about our spending is incorrect." It didn't elaborate. Nvidia declined to comment. Huawei and Cambricon did not immediately respond to requests ...

FILE PHOTO: The ByteDance logo is seen at the company's office in Shanghai ...

The TikTok owner is committing 150 billion yuan or $20 billion for AI infrastructure development and testing. ByteDance wants to defend its AI position back home in China. This comes as the future of ...

Jan 21 (Reuters) - ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times ...

A major shareholder of ByteDance, the Beijing-based owner of TikTok, said Wednesday he was confident that a deal will be reached to ensure the video-sharing app stays online in the US — and ...

General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok soon will reach a deal to remain in the U.S. “It’s in everybody’s interest,” Ford said at ...

TikTok-parent ByteDance is reportedly gearing up to invest over $12 billion in artificial intelligence infrastructure by 2025. What Happened: The Beijing-based tech giant has allocated ...

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 ...

Plan comes as future of TikTok in US in doubt BEIJING, Jan 23 (Reuters) - ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for ...

ByteDance is set to invest more than 87.2bn yuan ($12bn) in artificial intelligence (AI) infrastructure in 2025, aiming to leverage cutting-edge technology for growth, reported the Financial Times.

WASHINGTON – General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive order that halted a ban on ...

Nearly a day after TikTok was restored to U.S. users in a dramatic game of chicken with the federal government, another popular service owned by China-based ByteDance is still dark. CapCut ...