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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 ...
Exclusive-ByteDance Plans $20 Billion Capex in 2025, Mostly on AI, Sources Say
BEIJING (Reuters) - ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital ...