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Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance plans to invest $12bn in AI infrastructure
ByteDance to invest $12 billion in AI infrastructure by 2025- FT
ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst pressure from Washington for the Chinese firm to sell its popular video-sharing app in the United States.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
Newsweek is tracking the flurry of executive actions President-elect Trump is expected to sign on Monday. Follow along here.
Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.
Afrotech on MSN2d
President Donald Trump Believes The US Is Entitled To 50% Ownership Of TikTok After Extending Ban By 75 DaysTikTok will remain operational for at least another 75 days following an order from President Donald Trump. On Monday, Jan. 19, 2025, during his first day in office, Trump — who has the authority to delay the ban for up to 90 days — ordered the federal government to pause enforcing the law that
Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that will give the social media platform more time amid a new U.S. law requiring a divestiture from its Chinese parent ByteDance.
"There's no legal basis for any kind of 'extension'" to keep the popular social media app running, warned GOP Sens. Tom Cotton and Pete Ricketts on Sunday.
The future of TikTok in the United States has been a topic of significant debate, particularly in light of national security concerns related to its Chinese ownership. Under Trump's first presidency,
TikTok is restoring service to users of the app on Sunday after it said incoming president Donald Trump provided “necessary clarity” that it would not face penalties. A law upheld by the Supreme court Friday called for a ban or sale of TikTok by today.
The president-elect Sunday pledged an executive order, hours into his second term, returning access for American users, at least temporarily.
Trump recently signed an executive order granting TikTok’s Chinese parent company, ByteDance, a 75-day extension to divest its ownership stake.
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