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

The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the ...

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 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 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 ...

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,” he said, speaking at the World Economic Forum in Davos.

It's currently unclear how ByteDance could negotiate a non-sale option without facing a ban. Joe Biden's extended efforts through Project Texas to keep US TikTok data out of China-controlled ...

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

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.