ByteDance plans $23 billion AI spending in 2026, up from $21.5 billion this year
ByteDance, the Beijing‑based owner of TikTok, is preparing a major AI spending plan as Chinese tech companies try to stay competitive with U.S. rivals. According to the Financial Times, ByteDance has drafted early budgets to spend RMB160 billion, about $23 billion, in capital expenditure in 2026, a step up from the RMB150 billion the company [...]
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