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ByteDance plans to pump $20bn capex mostly into AI
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.
Report: ByteDance sets aside about $20B for AI spending this year
TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial intelligence capabilities,
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.
TikTok's ByteDance plans $20 billion capex in 2025, mostly on AI: Report
The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment
3d
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI ...
4m
More corporate chiefs fall in line behind Napoleonic Trump
Former Trump critic Sam Altman of OpenAI suddenly reckons the US president ‘will be incredible for the country in many ways’ ...
20h
How Chinese AI Startup DeepSeek Made a Model that Rivals OpenAI
When Chinese quant hedge fund founder Liang Wenfeng went into AI research, he took 10,000 Nvidia chips and assembled a team ...
1d
on MSN
OpenAI's Operator is your new autonomous AI assistant ready to do your biding across the web
OpenAI has launched Operator, a largely autonomous AI agent designed to take your simple text prompts and turn them into real ...
1d
China's ByteDance in race with US rivals to drive artificial general intelligence
Social-media giant ByteDance, China's most valuable unicorn, on Thursday unveiled its Seed Edge initiative, a long-term ...
2d
on MSN
TikTok owner goes all-in on AI: ByteDance earmarks $20B for global expansion
This significant investment demonstrates ByteDance's commitment to becoming a major player in the global AI landscape, even ...
3d
ByteDance’s UI-TARS can take over your computer, outperforms GPT-4o and Claude
UI-TARS understands graphical user interfaces (GUIs), applies reasoning and takes autonomous, step-by-step action.
The Next Platform
2d
OpenAI Declares Its Hardware Independence (Sort Of) With Stargate Project
The dependency dance between AI pioneer OpenAI and the Microsoft Azure cloud and the application software divisions of its ...
3d
China’s most popular AI app gets facelift with ByteDance’s Doubao 1.5
TikTok parent ByteDance has launched an updated version of Doubao, China’s most popular consumer-facing artificial ...
1d
on MSN
Who Might Buy TikTok? From MrBeast to Elon Musk, Here Are the Top Contenders
Content creator Jimmy Donaldson, known on the Internet as MrBeast, has made it clear he is interested in buying TikTok.
1d
Why everyone in AI is freaking out about DeepSeek
DeepSeek has a free website and mobile app even for U.S. users with an R1-powered chatbot interface similar to OpenAI's ...
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