Tiktok-owner Bytedance plans To spend $12bn on AI chips In 2025

BEIJING: TikTok owner ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this year, betting on the cutting-edge technology for new growth, the Financial Times reported on Tuesday, citing people familiar with the matter.

Read more: Trump team weighs TikTok reprieve with conditions on data storage, ownership

This move comes as the company faces pressure from Washington to sell its popular video-sharing app in the United States.