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.
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 ...
ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital ...
ByteDance is technically adhering to these restrictions by using a loophole: The company isn’t bringing the chips directly to China and is instead storing them in data centers located in other ...
TikTok-owner ByteDance is set to invest $614 million in developing a new data center in Datong, China. First reported by the South China Morning Post (SCMP), the company is looking to increase ...
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
It doesn’t seek to buy any chips, but rather just rent access to them via data centers located outside of mainland China. ByteDance’s plans were reported by The Information, which cites a ...
Citing two people involved with the plan, the latest report from The Information claims ByteDance co-founder Zhang Yiming has held discussions with data center operators in regions including ...
TikTok's owner ByteDance has been accused of allowing Chinese Communist Party (CCP) members to access the data of Hong Kong civil rights activists and protesters. Users who uploaded "protest ...
TikTok is no longer available in the United States—at least for now. But it’s not the only ByteDance-owned app that’s currently blocked for US-based users. Shortly before the federally ...
Data center leasing capacity in the U.S. tripled in 2020 with Microsoft, Facebook and Bytedance (TikTok) leasing the most from multi-tenant data center operators. Multi-tenant data ...
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