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 […]
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