ByteDance: The main beneficiaries of the spending will be chipmakers Huawei Technologies and Cambricon Technologies plus US ...

ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this ...

ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence ...

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 ...

The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

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.

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily ...

ByteDance, the Chinese tech giant behind TikTok, has set aside over 150 billion yuan ($20.64 billion) for capital expenditure ...

BEIJING: ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure ...

ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...

ByteDance, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence infrastructure by the year 2025. According to a report from the Financial ...

ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital ...