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TikTok's Parent Company Just Borrowed $30 Billion to Go All-In on AI - Decrypt
Nearly 30 banks backed the rare unsecured facility as the TikTok parent company spends heavily on AI chips, models, and overseas data centers.
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channelnewsasia.com
ByteDance gets $30 billion loan, Bloomberg News reports
Sept 3 : Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter. The Chinese tech giant was originally seeking a…
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scmp.com
Exclusive | ByteDance to expand massive AI data centre cluster in Inner Mongolia: source
As Chinese tech giants ramp up artificial intelligence spending, TikTok’s parent company is set to expand data centres in Ulanqab.
