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 ...

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

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.

which are specifically designed with reduced capabilities to comply with U.S. export restrictions for Chinese data centers. In 2024, ByteDance reportedly procured around 230,000 Nvidia chips ...

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 compute ...

TikTok was banned and restored within the same weekend. Find out what other apps owned by ByteDance, are in limbo below. Why Was TikTok Banned in the U.S.? TikTok was banned in the U.S. due to ...

New President Donald Trump has vowed to “save” TikTok and has said he will work with ByteDance to find a solution. On Monday ... ByteDance intends to buy most of the chips for its Chinese data centers ...

ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...

The private equity firm holds a stake in ByteDance, TikTok’s parent firm. “We are optimistic we will find a solution,” Ford said, speaking at the World Economic Forum in Davos.

ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure such as data centers and networking equipment.

BEIJING (Reuters) - ByteDance, the Chinese owner of TikTok ... of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment, they said.