ByteDance plans to spend $23 billion towards AI infrastructure in 2026: FT

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Synopsis

ByteDance, is planning major 2026 spending on AI infrastructure, signalling the TikTok owner’s growing push into advanced artificial intelligence systems.

Image for ByteDance plans to spend $23 billion towards AI infrastructure in 2026: FTReuters
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)

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ByteDance plans to spend $23 billion towards AI infrastructure in 2026: FT


Synopsis

ByteDance, is planning major 2026 spending on AI infrastructure, signalling the TikTok owner’s growing push into advanced artificial intelligence systems.

Image for ByteDance plans to spend $23 billion towards AI infrastructure in 2026: FTReuters
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)

Add ET Logo as a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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