ByteDance plans to spend $12bn on AI chips this year

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.
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
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,
ByteDance plans US$20bil capex in 2025, mostly on AI, sources say
BEIJING: 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.
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.
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
TikTok owner ByteDance plans to spend $12 billion 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.
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ByteDance to invest over $20B in AI development this year
ByteDance, the Chinese tech giant behind TikTok, has set aside over 150 billion yuan ($20.64 billion) for capital expenditure ...
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ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people ...
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The popular video-editing tool had remained dark for much of the day on Monday even after TikTok returned in the wake of ...