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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.
ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in China
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.
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.
5h
Is MrBeast planning a TikTok takeover? The YouTube star seems ready to make a move
Donaldson posted a jokey message on X on January 13 that read, "Okay fine, I'll buy Tik Tok so it doesn't get banned." A day later, ...
1d
on MSN
ByteDance director confident TikTok deal will get done, sees options to avoid an outright sale
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ...
4d
on MSN
RIP TikTok. Long live TikTok: A look at the ByteDance app following its flurry of fortunes
TikTok's influence has been greater than its seemingly short-lived demise. The ByteDance-owned app returns after going dark ...
4d
It’s Not Just TikTok: These Other ByteDance Apps Are Gone Too
TikTok is no longer available in the United States —at least for now. But it’s not the only ByteDance-owned app that’s ...
10h
on MSN
With Trump’s TikTok extension, new potential U.S. buyers emerge
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
6d
U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner
While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...
7d
on MSN
TikTok Tension: U.S. Users Mob Smaller Chinese App, Rivals YouTube Shorts & Instagram Reels Stand By
With no Supreme Court ruling on TikTok today, tensions are high. The wildly popular social media platform owned by China's ...
6d
on MSN
Looming TikTok ban poses financial nightmare for Google, Apple — and other American tech firms with ties to China’s ByteDance
A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple ...
6d
Instagram and YouTube Prepare to Benefit From a TikTok Ban
Meta’s Instagram and Google’s YouTube are getting ready to welcome TikTok users, as the Supreme Court upheld a law that ...
3d
on MSN
ByteDance’s Apps: Capcut, Lemon 8 & More Aside From TikTok
TikTok was banned and restored within the same weekend. Find out what other apps owned by ByteDance, are in limbo below.
1d
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 ...
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