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,

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.

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.

ByteDance, the company behind TikTok, is set to significantly invest in AI infrastructure with plans to spend over $12 billion by 2025. Facing U.S. pressures, the company is focusing on acquiring AI chips in China and training models overseas,

Other apps from the company behind TikTok, including CapCut and Lemon8, went dark this weekend before flickering back. The federal law banning TikTok also applies to them.

But the model is only meant to be used within China’s mainland, a ByteDance spokesperson told TechCrunch. The e-reader’s China-based manufacturer, Onyx International, which sells Boox e-readers in both China and to the U.

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,

MrBeast, the internet’s most-followed and highest-earning content creator, has joined a new bid to buy TikTok.

In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines “the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown” of TikTok.

President Trump has paused the federal ban on TikTok for 75 days, giving ByteDance, the app's China-based owner, time to sell its U.S. assets. In a bold proposal, Trump suggested that a future buyer give the United States a 50% ownership stake in a joint venture.

Trump on Monday also floated the idea of a 50-50 partnership between "the United States" and its Chinese owner ByteDance.