ByteDance boosts AI infrastructure spending by 25% to $28 billion this year
TikTok parent company ByteDance has increased its planned spending on AI infrastructure by 25% this year, raising the total to RMB 200 billion ($28 billion), as rising memory chip costs continue to push up expenses, according to people familiar with the matter. The company had initially set its AI capital expenditure budget at RMB 160 billion ($22.5 billion) late last year, but has since revised it upward to RMB 200 billion ($28 billion). ByteDance is also planning to allocat
ByteDance, the parent company of TikTok, is significantly increasing its investment in artificial intelligence infrastructure for the current year. The company has revised its capital expenditure budget upwards by 25%, bringing the total allocated amount to approximately $28 billion. This substantial increase reflects ByteDance's growing dedication to AI development and is also influenced by rising costs for essential memory chips.
This heightened investment underscores ByteDance's strategic focus on advancing its AI capabilities, which could impact its competitive position in the tech industry and the development of AI-driven services.
📌 Kaynak
Bu özet TechNode kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →