ByteDance is technically adhering to these restrictions by using a loophole: The company isn’t bringing the chips directly to China and is instead storing them in data centers located in other ...
TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial ...
TikTok-owner ByteDance is set to invest $614 million in developing a new data center in Datong, China. First reported by the South China Morning Post (SCMP), the company is looking to increase compute ...
The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the ...
TikTok was banned and restored within the same weekend. Find out what other apps owned by ByteDance, are in limbo below. Why Was TikTok Banned in the U.S.? TikTok was banned in the U.S. due to ...
The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment, they said. ByteDance said ...
It doesn’t seek to buy any chips, but rather just rent access to them via data centers located outside of mainland China. ByteDance’s plans were reported by The Information, which cites a ...
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
The private equity firm holds a stake in ByteDance, TikTok’s parent firm. “We are optimistic we will find a solution,” he said, speaking at the World Economic Forum in Davos.
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