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

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

The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...

There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok ...

It was unclear how the 2025 plan compared with prior years as the private company does not disclose financial details. On Tuesday, the Financial Times reported ByteDance planned $12 billion for AI ...

citing two people familiar with the plans. About 60% of ByteDance’s domestic semiconductor orders are expected to be fulfilled by Chinese suppliers like Huawei Technologies and Cambricon.

Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised ...

Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app ...

The revised plan outlines the creation of a new US holding company, "NewCo." Under this proposal, ByteDance would divest ...

Perplexity AI has presented the new proposal to Byte Dance, TikTok’s parent company, as the organization searches for a U.S.

The revised plan reportedly includes provisions for the US government to receive stock in the new company once Perplexity AI ...