ByteDance plans to spend $23 billion towards AI infrastructure in 2026: FT
ByteDance, is planning major 2026 spending on AI infrastructure, signalling the TikTok owner’s growing push into advanced artificial intelligence systems.
By Reuters |
Reuters
TikTok owner ByteDance has made preliminary plans for capital expenditure of 160 billion yuan ($22.74 billion) in 2026 to build artificial intelligence infrastructure, the Financial Times reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report.
($1 = 7.0366 Chinese yuan renminbi)
Reuters could not immediately verify the report.
($1 = 7.0366 Chinese yuan renminbi)
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