It was unclear how the 2025 plan compared with prior years as the private company does not disclose financial details. On Tuesday, the Financial Times reported ByteDance planned $12 billion for AI ...

which raises fresh questions about any ByteDance IPO plans and the importance of its US business. Still, American investors are confident they’re holding a winning hand no matter the outcome.

The AI-supported search engine start-up Perplexity AI is aiming for an IPO in 2028 and has set itself ambitious sales targets ...

Technologycategory· January 23, 2025 Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($ ...

Then ¥9000 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

CFO Julie Gao said at an all-hands meeting last week that the growth rate of the company’s China business has dropped relative to previous years, The Information reported, which raises fresh questions ...

MOSCOW, Jan 22 (Bernama-Sputnik/RIA Novosti) - Chinese company ByteDance, the owner of the TikTok social media platform, plans to spend over US$12 billion on developing AI-related infrastructure in ...

KUALA LUMPUR: China’s ByteDance, parent of social media app TikTok, plans to invest around RM10bil to set up an artificial intelligence (AI) hub in Malaysia, according to the country’s trade ...

TikTok's parent company ByteDance is offering to buy back shares ... been in discussions with the administration to develop a plan that would allow it to continue operating in the US.