· 16h
Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in China
Chinese ByteDance reportedly plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home. Sources who spoke to Reuters revealed the TikTok owner will pump a significant chunk of the total money (150 billion yuan or $20 billion) abroad into AI infrastructure development.
· 15h
ByteDance plans $20 billion capex in 2025, mostly on AI
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.
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.
ByteDance released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAI's o1 in AIME.
ByteDance, the Chinese tech giant behind TikTok, has set aside over 150 billion yuan ($20.64 billion) for capital expenditure in 2025. Most of this investment will be funneled into artificial intelligence (AI) advancements, according to Reuters.
ByteDance has launched an artificial intelligence (AI)-powered code editor in competition with American leaders like Cursor and Microsoft's Visual Studio Code, just after US President Donald Trump delayed the enforcement of a law requiring the company to divest TikTok.
The investment highlights ByteDance focus on AI amid ongoing geopolitical tensions and ever-present regulatory scrutiny.
ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, says that's false.
TikTok parent ByteDance has launched an updated version of Doubao, China's most popular consumer-facing artificial intelligence (AI) app, as the tech giant accelerates AI development despite US export restrictions on advanced chips.
ByteDance, the parent company of TikTok, is reportedly preparing to invest more than $12 billion in artificial intelligence infrastructure by the year 2025. According to a report from the Financial Times,
This significant investment demonstrates ByteDance's commitment to becoming a major player in the global AI landscape, even as the company grapples with uncertainty surrounding TikTok's future in the United States.
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
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback