ByteDance Financial Times

AI, ByteDance

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.

Hosted on MSN · 3d

ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in China

Chinese ByteDance reportedly plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home. Sources who spoke to Reuters revealed the TikTok owner will pump a significant chunk of the total money (150 billion yuan or $20 billion) abroad into AI infrastructure development.

telecom.economictimes.indiatimes · 4d

ByteDance plans $20 billion capex in 2025, mostly on AI

ByteDance: The main beneficiaries of the spending will be chipmakers Huawei Technologies and Cambricon Technologies plus US supplier Nvidia, the people said, declining to be identified as the information was confidential.

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 ...

4don MSN

TikTok owner goes all-in on AI: ByteDance earmarks $20B for global expansion

ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital ...

GlobalData on MSN5d

ByteDance plans to invest $12bn in AI infrastructure

The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

devdiscourse5d

ByteDance's $12 Billion Bet on AI: A New Era of Tech Innovation

ByteDance, the owner of TikTok, plans to invest over $12 billion in AI infrastructure in 2023. This strategic move aims to ...

5don MSN

TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports

TikTok owner ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this year, betting on ...

ByteDance’s $12 Billion Investment in AI Infrastructure by 2025

ByteDance, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence infrastructure by the year 2025. According to a report from the Financial ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results