ByteDance plans $12 billion investment in AI chips for 2025
ft.com —
ByteDance plans to invest over $12 billion in artificial intelligence infrastructure in 2025, focusing on AI chips. This budget includes $5.5 billion for domestic chip purchases and $6.8 billion for overseas investments, doubling last year's spending. The company aims to enhance its AI capabilities amid pressure from the U.S. government regarding TikTok. Recent U.S. export controls may complicate ByteDance's ability to acquire advanced chips, impacting its overseas investment plans. ByteDance's AI chatbot, Doubao, has gained popularity in China, with 71 million monthly active users. The company faces competition from local rivals like Baidu and Alibaba, which are also investing heavily in AI technology.