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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 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.
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.
Digital Music News on MSN
21h
TikTok Still Missing on Apple’s App Store, Google Play
ByteDance restored TikTok service in the United States on Sunday night, but major tech companies like Apple and Google have ...
2d
on MSN
TikTok isn’t back in the App Store yet
If you search for TikTok on the App Store, you’ll see a message saying, “TikTok and other ByteDance apps are not available in ...
4d
on MSN
What other apps are affected by the TikTok ban? Lemon8, CapCut, Marvel Snap top the list
TikTok is not the only app that went dark ahead of Sunday's ban. Here are six others removed from the Apple App and Google ...
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 ...
4d
on MSN
TikTok is back, but where are Marvel Snap, CapCut, and Lemon8?
Users trying to open Marvel Snap, CapCut, and Lemon8 will see a message similar to the one TikTok displayed when it went dark ...
6d
on MSN
All the Apps ByteDance Operates in the US
TikTok, owned by ByteDance, is on the verge of being banned in the United States. The thing is, the government could go after ...
1d
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 ...
7h
TikTok Still Ticking, The $500 Billion Project Stargate, Google Buys HTC VR Tech
TikTok got a short reprieve to make a deal. Project Stargate, a $500B AI plan from OpenAI, Oracle, and Softbank, pushes Musk, Microsoft, aside. Google buys HTC VR tech.
4d
Apple, Google remove TikTok from stores as app halts service in U.S.
Apple and Google removed TikTok from their app stores Saturday, complying with a law requiring China's ByteDance to divest ...
7d
on MSN
What happens with CapCut if TikTok gets banned? What we know about the video editing app
CapCut is a video editing software released by ByteDance. Here's what to know about the service as TikTok faces a possible ...
4d
Instagram tries to capitalize on TikTok uncertainty with new 'Edits' app
Instagram is launching a new app, Edits, that will immediately become a CapCut competitor when it launches next month. You ...
10h
on MSN
Don’t buy overpriced used iPhones with TikTok installed
Don't have the TikTok app currently installed on your mobile device? It's best not to buy a high-price phone with it installed to get it.
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