US EditionTikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
- ByteDance launched Doubao 1.5 Pro, an updated AI app, focusing on resource-efficient training, according to ByteDance's statement.
- Consumer spending on mobile apps reached $150 billion in 2024, with a 13% year-over-year increase, as reported by Sensor Tower.
- Time spent on AI apps surged by 300%, highlighting growing consumer interest in AI features, according to Sensor Tower.
38 Articles
38 Articles
TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025, FT reports
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.
perspectivemedia.com
Nation.CymruApp spending on AI chatbots tripled in 2024 – report
The rise of generative AI has sparked a surge in downloads and spending on AI-linked apps. Mobile app spending on generative AI-powered chatbots such as ChatGPT tripled globally in 2024, according to new data. The annual State of Mobile report from digital economy data firm Sensor Tower said consumer spending on in-app purchases and subscriptions to AI chatbot apps reached 1.1 billion dollars (£893 million). The report said AI chatbot apps saw t…
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