TikTok owner ByteDance is set to expand its multibillion-dollar outlay on artificial intelligence next year, as China’s top tech groups seek to keep pace with their US rivals.
According to two people with knowledge of the matter, the Beijing-based tech company has made preliminary plans to spend Rmb160bn ($23bn) in capital expenditure in 2026.
The figure would represent an increase from the Rmb150bn it invested in AI infrastructure this year. Around half the total would be used to acquire advanced semiconductors to develop AI models and applications, the people said.
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