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BTCC / BTCC Square / Global Cryptocurrency /
ByteDance Plans $20 Billion Capex Mostly into AI to Defend Its Lead in China

ByteDance Plans $20 Billion Capex Mostly into AI to Defend Its Lead in China

Author:
Global Cryptocurrency
Published:
2025-01-24 07:00:59
5
1
ByteDance, the owner of TikTok, is planning to invest $20 billion (150 billion yuan) primarily into AI infrastructure development. This significant investment aims to consolidate its AI leadership in China amidst increasing competition among tech giants. The funds will be used to develop AI infrastructure, including data centers and networking equipment. ByteDance has identified several big tech firms, including Huawei, Nvidia, and Cambricon Technologies, as beneficiaries of this initiative. The company, which started its AI applications in 2024, is looking to defend its position in the rapidly evolving AI landscape in China.

|Square

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