Dec 22 (Reuters) – TikTok owner ByteDance has made preliminary plans for capital expenditure of 160 billion yuan ($22.74 billion) in 2026 to build artificial intelligence infrastructure, the Financial Times reported on Monday, citing people familiar with the matter. Reuters could not immediately verify the report. ($1 = 7.0366 Chinese yuan renminbi) (Reporting by Anusha […]
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ByteDance plans to spend $23 billion towards AI infrastructure in 2026, FT reports
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Dec 22 (Reuters) – TikTok owner ByteDance has made preliminary plans for capital expenditure of 160 billion yuan ($22.74 billion) in 2026 to build artificial intelligence infrastructure, the Financial Times reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report.
($1 = 7.0366 Chinese yuan renminbi)
(Reporting by Anusha Shah in Bengaluru; Editing by Rashmi Aich)