ByteDance denies rumor of $12 billion AI infrastructure investment, sources say budget information is false
First Financial News reported that ByteDance officially denied rumors that it plans to invest $12 billion in developing AI infrastructure, including ¥40 billion for AI chip procurement in 2025 and $6.8 billion in overseas investment. Company officials stated that while the company highly values the development of AI, the specific budget plan in the rumors is not true.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy Buys $1.1B in Bitcoin
The company acquired 11,000 BTC, raising total holdings to 461,000 BTC
Wintermute and TRON Join Forces to Boost Liquidity and DeFi Growth
Trending news
MoreCrypto prices
More
