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AI, ByteDance and TikTok
FirstFT: ByteDance plans to spend $12bn on AI chips this year
Also in today’s newsletter, Trump warns Putin to reach Ukraine ‘deal’ soon, and Pakistan to seek extradition of billionaire tycoon from UAE
TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025, FT reports
ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
Beijing-based ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget of RMB 40B ($5.5B) to acquire AI chips in China this year, the Financial Times reported Tuesday,
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.
ByteDance to invest $12 billion in AI infrastructure by 2025- FT
ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst pressure from Washington for the Chinese firm to sell its popular video-sharing app in the United States.
3d
TikTok goes dark across US
Short-form video app says it is ‘fortunate’ that Donald Trump has ‘indicated he will work with us on a solution’ ...
Hosted on MSN
1d
Trump insists on TikTok ownership deal threatening China with tariffs
President Donald Trump said tariffs on China could depend on whether there’s a deal for TikTok. He signed an executive order ...
3d
TikTok Flickers Back to Life After Trump Says He Will Stall a Ban
Some users saw the social media app come back online on Sunday, following a shutdown when a federal law went into effect ...
4d
on MSN
Why is TikTok getting banned in the US - and could it happen in the UK?
TikTok has gone offline in the US after the Supreme Court backed a ban in the States. Lawmakers had told the social media ...
5d
Is TikTok pushing Taiwan’s young people closer to China?
A growing number of researchers fear that the controversial app is promoting pro-China content and softening attitudes ...
3d
on MSN
How TikTok grew from a fun app for teens into a potential national security threat
If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet ...
5d
Instagram and YouTube Prepare to Benefit From a TikTok Ban
Meta’s Instagram and Google’s YouTube are getting ready to welcome TikTok users, as the Supreme Court upheld a law that ...
7d
Social media users flock to RedNote, a TikTok alternative, ahead of the ban in the U.S.
TikTok may be banned in the U.S. over the weekend, but Americans are heading to another Chinese-owned video platform: RedNote ...
4d
on MSN
With a US ban on TikTok hours away, Trump says he 'most likely' will grant an extension
President-elect Donald Trump says he “most likely” will give TikTok 90 more days to work out a deal that would allow the ...
3d
In the United States, Users React to Life (Briefly) Without TikTok
The app went dark nationwide on Saturday night, but the company indicated it was in the process of restoring the service ...
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