FirstFT: ByteDance plans to spend $12bn on AI chips this year
Also in today’s newsletter, Trump warns Putin to reach Ukraine ‘deal’ soon, and Pakistan to seek extradition of billionaire ...
Transcript: Markets brace for Trump-era volatility
Sonja Hutson Good morning from the Financial Times. Today is Wednesday, January 22nd. And this is your FT News Briefing. Netflix just broke a subscriber record. And Wall Street investors are bracing ...
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Is TikTok’s Parent Company Buying $12B Worth of AI Chips?
ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...
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ByteDance plans to invest $12bn in AI infrastructure
The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
Markets brace for Trump-era volatility
Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance ...
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
ByteDance plans to spend 40 billion yuan ($5.50 billion) to acquire AI chips in China in 2025, the report said, adding that ...
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ByteDance to Invest $12B in AI Infrastructure Amid U.S. Pressure
ByteDance, TikToks parent company, is reportedly gearing up for a $12 billion investment in artificial intelligence (AI) ...
TikTok owner ByteDance plans to spend $12 billion on artificial intelligence chips in 2025: Report
This move comes as the Chinese company faces pressure from Washington to sell its popular video-sharing app in the United ...