BEIJING, Jan 23 (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 ...

Chinese ByteDance plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home.

On Tuesday, the Financial Times reported ByteDance planned $12 billion for AI infrastructure. In December, The Information reported a plan for up to $7 billion to access Nvidia chips outside China ...

TikTok’s parent company, ByteDance, has launched a new version ... and $0.275 per million output tokens, Doubao is five times cheaper than DeepSeek’s model and more than 200 times less ...

Hedge fund billionaire Liang Wenfeng builds model on tight budget despite US attempt to halt China’s high-tech ambitions ...

After graduating from Zhejiang University, he cofounded the quantitative hedge fund High-Flyer in 2015 and incorporated AI in ...

DeepSeek, an AI platform founded by Liang Wenfeng, surpasses ChatGPT as the most downloaded free app in the U.S., impacting ...

Although DeepSeek was initially regarded as a side project, Liang was heavily involved in both the company and its research.

See also "They don’t actually have the money" - Elon Musk shoots down OpenAI's big Stargate reveal Earlier this week, the Financial Times also reported that ByteDance had planned $12 billion for AI ...