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TikTok, ByteDance and AI
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.
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 its most valuable.
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.
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
1h
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 - ...
3h
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., ...
2h
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.
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 ...
1d
TikTok realized the advantage of bowing to autocrats. The tech barons at Trump’s inauguration are following suit
ANALYSIS: The chaotic unbanning of TikTok signals a new political fusion between corporate power and American ...
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 ...
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