ByteDance Plans to Spend $23 Billion Towards AI Infrastructure in 2026, FT Reports

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

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.

ByteDance plans $23B capex for 2026 with focus on AI infrastructure - FT (BDNCE:Private)

TikTok's parent company, ByteDance (BDNCE) has preliminary plans to allocate about 160 billion yuan (~$22.77 billion) in capital expenditure for 2026, primarily targeting AI infrastructure development

ByteDance to boost AI infrastructure spending to $23 billion in 2026

According to the recent reports from The Financial Times, TikTok owner ByteDance has made initial plans for a massive increase in capital expenditure, totaling 160 billion yuan in 2026, to bolster...

TiKTok parent ByteDance to beef up AI infrastructure spending to $23B next year

TikTok’s parent company ByteDance Ltd. has revealed plans to jack up its already heavy spending on artificial intelligence infrastructure next year as it races to catch up with U.S. technology giants, according to a report in the Financial Times. Tuesday’s report, which cites two people familiar with the company’s plans, said it’s expected to increase […] The post TiKTok parent ByteDance to beef up AI infrastructure spending to $23B next year ap…