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ByteDance plans to spend $12bn on AI chips this year
Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
FirstFT: ByteDance plans to spend $12bn on AI chips this year
Also in today’s newsletter, Trump warns Putin to reach Ukraine ‘deal’ soon, and Pakistan to seek extradition of billionaire tycoon from UAE
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
Beijing-based ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget of RMB 40B ($5.5B) to acquire AI chips in China this year, the Financial Times reported Tuesday,
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.
ByteDance plans to invest $12bn in AI infrastructure
The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
ByteDance to invest $12 billion in AI infrastructure by 2025- FT
ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst pressure from Washington for the Chinese firm to sell its popular video-sharing app in the United States.
Trump announces $500B Stargate AI project
Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two tech billionaires that started on OpenAI's board and is now testing Musk's influence with the new president.
What is Stargate, the $500 billion Trump-supported AI investment project?
OpenAI, Oracle, and SoftBank formed Stargate, a new venture investing up to $500 billion in AI infrastructure in Texas. President Donald Trump talked up the partnership on Jan. 21, calling it ”a resounding declaration of confidence in America’s potential.
Trump announces $500B Stargate AI project: 'Country will be prospering like never before'
Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States.
AI, Trump
AI Joint Venture: US Announces Project Will Provide $500 Billion for Infrastructure
The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.
What to Know About 'Stargate,' OpenAI's New Venture Announced by Trump
Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.
Trump announces up to $500 billion in private sector AI infrastructure investment
President Trump announced billions in private sector investment by OpenAI, Softbank and Oracle to build AI infrastructure in the U.S.
18h
on MSN
‘The Brutalist’ has come under fire for use of AI. But is it really that big of a deal?
When movie editor Dávid Jancsó admitted that he had used AI to change some elements of actors’ voices in “The Brutalist,” he ...
11h
The future of AI is even more fossil fuels
“They have to produce a lot of electricity and we will make it possible for them to get that production done very easily, at ...
15h
HR Leaders Are Ready to Hire AI Agents
Organizations across multiple industries are ready to build on the success they are achieving with the embedded AI ...
16h
This New AI Search Engine Has a Gimmick: Humans Answering Questions
A new AI-powered search engine called Pearl is launching today, with an unusual pitch: It promises to connect you with an ...
MIT Technology Review
20h
Implementing responsible AI in the generative age
To deliver value from generative AI, businesses must take concrete steps to ensure responsible AI becomes part of the ...
6h
on MSN
Tech firms in Trump's AI Stargate venture have touted DEI programs, clashing with new executive order
President Trump has announced a major AI initiative called "Stargate" -- but the firms involved have DEI policies that go ...
23h
on MSN
Anthropic CEO says AGI is a marketing term and the next AI milestone will be like a 'country of geniuses in a data center'
Anthropic CEO Dario Amodei said it was an "evocative phrase for all the power and all the positive things" and "all of the ...
10h
on MSN
Samsung aims to turn its next generation of Galaxy smartphones into AI companions
Samsung is injecting another dose of artificial intelligence into the next version of its Galaxy smartphones, escalating an ...
7h
Oracle Shares Surge as Trump Reveals $500 Billion AI Plan
The joint venture, called Stargate, plans to invest $500 billion to help the United States stay ahead of China and other ...
22h
A Chinese startup just showed every American tech company how quickly it's catching up in AI
The Chinese startup DeepSeek has released a new AI reasoning model that appears to rival the abilities of a frontier model ...
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