ByteDance plans over $30 billion for AI expansion, bets big on Chinese chips

ByteDance is raising its planned AI spending for 2026 to over 200 billion yuan (roughly $30 billion), at least a 25 percent jump from earlier plans. The TikTok parent is increasingly turning to Chinese chips. Still, the figure looks modest next to the $725 billion that Google, Amazon, Microsoft, and Meta are planning to spend combined.

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