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

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, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence ...

ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...

About 60% of ByteDance’s domestic semiconductor orders are expected to be fulfilled by Chinese suppliers like Huawei Technologies and Cambricon. The remaining orders will involve Nvidia chips ...

Huawei is working on gaining a large part of the AI market in China, which is currently led by Nvidia. It offers local ...

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 ...

ByteDance plans to spend 40 billion yuan ($5.50 billion) to acquire AI chips in China in 2025, the report said, adding that ...

ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence ...

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily ...

ByteDance: The main beneficiaries of the spending will be chipmakers Huawei Technologies and Cambricon Technologies plus US ...