ByteDance’s budget for purchases of AI chips overseas was previously reported by news outlet The Information. In response to the FT’s reporting, ByteDance said: “The anonymously sourced ...

TikTok’s $300 billion-valued parent company, ByteDance, is one of the world’s busiest AI developers. It plans to spend ...

ByteDance plans to spend 40 billion yuan ($5.50 billion) to acquire AI chips in China in 2025, the report said, adding that the company will invest about $6.8 billion overseas to ramp up its ...

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 ...

Reports say OpenAI is almost finished with its in-house AI chip design and will begin mass production sometime in 2026, all ...

Chip Somodevilla; Getty Images Perplexity AI has submitted a revised proposal to TikTok's parent company, ByteDance, under which the U.S. government could acquire up to a 50% stake in a new entity ...