TikTok owner ByteDance supposedly plans to invest more than $12 billion in artificial intelligence (AI) infrastructure in 2025, the Financial Times reported, citing sources familiar with the matter.
The company has set aside $5.5 billion to buy AI chips in China in 2025 and is also planning to invest $6.8 billion overseas to "beef up its foundation model training capabilities using advanced Nvidia chips," the news agency said. Some 60% of ByteDance's...