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, citing people familiar with the matter.

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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.

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Since its launch outside Chinese territory in 2016, the game has become a success, has been downloaded 700 million times, on the Apple App Store alone, and generated US$ 1.4 billion in in-app purchases

Desde seu lançamento fora do território chinês, em 2016, o game tornou-se um sucesso, foi baixado 700 milhões de vezes, somente na App Store da Apple, e gerou US$ 1,4 bilhão em compras no aplicativo

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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, citing people familiar with the matter.This move comes as the company faces pressure from Washing

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TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports

Consumer spending on mobile apps hit $150 billion, while time spent on AI apps spikes by +300% SAN FRANCISCO, Jan. 22, 2025 /PRNewswire/ -- Sensor Tower, a leading provider of data on the digital economy, today released its annual State of Mobile report for 2025. The report reveals that in 2024 consumer spending on in-app purchases and subscriptions hit $150 billion globally, an increase of 13% year-over-year (YoY). Consumers also remain as conn…

Benzinga

New York

United States

Sensor Tower: Consumer Spending on Apps Soared in 2024 and Mobile Rode the Wave of AI Enthusiasm

Chinese suppliers stand to benefit from orders.

The Straits Times

Singapore Press Holdings

TikTok owner ByteDance plans to spend $16b on AI chips in 2025

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Irish Examiner

The Irish Times

Ireland

Global spending on generative AI chatbot apps triples in 2024 to €1bn

(Reuters) - 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, citing people familiar with...

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The reported move comes as ByteDance faces pressure from Washington to sell its popular video-sharing app TikTok in the United States

TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025 – report

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TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports

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