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ByteDance plans to spend $12bn on AI chips this year
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
Beijing-based 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, the Financial Times reported Tuesday,
TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025, FT reports
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 reported on Tuesday, citing sources.
FirstFT: ByteDance plans to spend $12bn on AI chips this year
Also in today’s newsletter, Trump warns Putin to reach Ukraine ‘deal’ soon, and Pakistan to seek extradition of billionaire tycoon from UAE
ByteDance plans to invest $12 billion on AI chips this year
According to the Financial Times, ByteDance is planning to invest over $12 billion in artificial intelligence infrastructure in 2025. Sources familiar
5h
on MSN
Who owns Tiktok and what must they do to avoid US ban?
The disappearance of popular video app TikTok in the US this week was brief taster of the looming ban that still awaits it - ...
6h
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., ...
4h
on MSN
TikTok's fate remains unclear. Here's who wants to purchase the social media platform
President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.
5d
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 ...
Prestige Online
1h
All the Billionaires and Businesses who Could be Potential Buyers of TikTok US
While ByteDance has said they do not plan to sell their TikTok US operations, this has not stopped potential buyers from lining up to bid.
5d
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 ...
3d
on MSN
How TikTok grew from a fun app for teens into a potential national security threat
If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet ...
Spotify
1d
Trump signs executive order delaying TikTok ban, as China appears to soften stance on selling app
The order instructs the attorney general not to levy fines against app stores and service providers that help TikTok remain ...
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