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.

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,

The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

ByteDance, TikToks parent company, is reportedly gearing up for a $12 billion investment in artificial intelligence (AI) infrastructure in 2025, according to the Financial Times. This strategic move follows U.

A deal will get done to ensure that TikTok remains available in the U.S., General Atlantic CEO Bill Ford told Axios during an event on Wednesday in Davos, Switzerland. Why it matters: General Atlantic is a major investor in TikTok's Chinese parent company,

ByteDance, the owner of TikTok, plans to invest over $12 billion in AI infrastructure in 2023. This strategic move aims to capitalize on advanced technology for growth, amid mounting U.S. pressure to sell its app.

(Yicai) Jan. 22 -- A ByteDance company representative has rebutted a report that the Chinese owner of TikTok plans to make an over USD12 billion investment in infrastructure for artificial intelligence this year.

The looming TikTok ban presents a multibillion-dollar headache for app store operators Apple and Google – as well as other Big Tech giants like Microsoft and Amazon that count its Chinese parent company ByteDance as a business partner.

TikTok, owned by ByteDance, must sell the app by Jan. 19 ... with a value of over $17 billion, according to the Financial Times. Known as Xiaohongshu, which translates to “little red book,” RedNote features a layout similar to Pinterest and is often ...

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 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.