ByteDance plans to spend $23 billion towards AI infrastructure in 2026, FT reports
ByteDance, TikTok’s parent company, reportedly plans to spend 160 billion yuan ($22.7 billion) in 2026 to develop AI infrastructure, according to the Financial Times. Verification of the report is still pending.
ByteDance Plans $22.7B AI Infrastructure Investment in 2026, Reports Financial Times.
ByteDance Plans $22.7B AI Infrastructure Investment in 2026, Reports Financial Times.
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.
-Anusha Shah/Reuters
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