Chinese ByteDance plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home.

U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos ...

BEIJING, Jan 23 (Reuters) - ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on ...

The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was ...

ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...

YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.

A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be ...

President Donald Trump has announced that he's open to billionaire ally Elon Musk buying TikTok. Newsweek's live blog is ...

Beijing-based ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget of RMB 40B ($5.5B) to acquire AI chips in China this year, the ...

ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst ...

The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.