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

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

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

Sources familiar with the matter revealed that ByteDance has allocated a budget of RMB 40 billion ($5.5 billion) to purchase AI chips in China by 2025, doubling its spending from last year.

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 ...

Plan comes as future of TikTok in US in doubt BEIJING, Jan 23 (Reuters) - ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for ...

BEIJING - ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, ...

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 ...

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment, they said. ByteDance, Huawei and ...

BEIJING (Reuters) -ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial ...