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 ...
Perplexity AI makes a bid to merge with TikTok U.S.
Perplexity AI submitted a bid on Saturday to TikTok parent ByteDance, proposing that Perplexity merge with TikTok U.S., CNBC ...
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Is TikTok’s Parent Company Buying $12B Worth of AI Chips?
ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...
ByteDance launches AI code editor based on Microsoft software as TikTok ban is delayed
ByteDance has launched an artificial intelligence (AI)-powered code editor in competition with American leaders like Cursor ...
Perplexity AI submits bid to help save TikTok in the US — here's what we know
In a bold move, Perplexity AI, a U.S.-based search engine startup, has submitted a proposal to merge with TikTok's U.S.
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 ...
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ByteDance's Bold AI Investment
ByteDance, the owner of TikTok, plans to invest $12 billion in AI chip technology by 2025. This strategic move indicates the ...
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ByteDance plans $20 billion capex in 2025, mostly on AI
ByteDance: The main beneficiaries of the spending will be chipmakers Huawei Technologies and Cambricon Technologies plus US ...
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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.