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, two people briefed on the matter said.
AI, TikTok and ByteDance
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TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning
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TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
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, the Financial Times reported Tuesday,
Also in today’s newsletter, Trump warns Putin to reach Ukraine ‘deal’ soon, and Pakistan to seek extradition of billionaire tycoon from UAE
UI-TARS understands graphical user interfaces (GUIs), applies reasoning and takes autonomous, step-by-step action.
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.
The dependency dance between AI pioneer OpenAI and the Microsoft Azure cloud and the application software divisions of its parent company are fascinating
Demand for generative AI help drive consumer spending on apps to $150 billion globally in 2024, up 13% from the prior year. According to an annual "State
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.
Elon Musk and Sam Altman traded barbs on social media Wednesday after the OpenAI boss took center stage at the White House to unveil his ambitious $500 billion “Stargate” AI infrastructure project. Appearing alongside Oracle executive chairman Larry Ellison and Softbank CEO Masayoshi Son,
ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure such as data centers and networking equipment. This spending aims to bolster AI capabilities both domestically and internationally,
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, two people briefed on the matter said.
US AI giant OpenAI has told an Indian court that Indian judiciary doesn’t have jurisdiction over a copyright breach case brought by a local news agency, arguing it had legal obligations in the US. Last year,
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