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 ...

ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital ...

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 ...

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 ...

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 ...

The Supreme Court's ban of TikTok on Jan. 17 brings into sharp focus institutional investors that put money into the social media platform's parent company ByteDance. The high court justices ruled ...

ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...

Citing two people involved with the plan, the latest report from The Information claims ByteDance co-founder Zhang Yiming has held discussions with data center operators in regions including Southeast ...

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.