financetom
Business
financetom
/
Business
/
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
Jan 21, 2025 5:52 PM

(Reuters) - TikTok owner ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this year, betting on the cutting-edge technology for new growth, the Financial Times reported on Tuesday, citing people familiar with the matter.

This move comes as the company faces pressure from Washington to sell its popular video-sharing app in the United States.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exponent Insider Sold Shares Worth $344,898, According to a Recent SEC Filing
Exponent Insider Sold Shares Worth $344,898, According to a Recent SEC Filing
Nov 18, 2025
04:40 PM EST, 11/18/2025 (MT Newswires) -- Catherine Corrigan, Director, President & CEO, on November 17, 2025, sold 4,900 shares in Exponent (EXPO) for $344,898. Following the Form 4 filing with the SEC, Corrigan has control over a total of 84,134 common shares of the company, with 84,134 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/851520/000085152025000078/xslF345X05/edgardoc.xml ...
Hamilton Insurance Group Insider Sold Shares Worth $480,638, According to a Recent SEC Filing
Hamilton Insurance Group Insider Sold Shares Worth $480,638, According to a Recent SEC Filing
Nov 18, 2025
04:40 PM EST, 11/18/2025 (MT Newswires) -- Alexander James Baker, CEO, Hamilton Global Specialty, on November 14, 2025, sold 18,350 shares in Hamilton Insurance Group ( HG ) for $480,638. Following the Form 4 filing with the SEC, Baker has control over a total of 84,136 Class B common shares of the company, with 84,136 shares held directly. SEC Filing:...
Crypto exchange Kraken valued at $20 billion in latest funding round
Crypto exchange Kraken valued at $20 billion in latest funding round
Nov 18, 2025
(Reuters) -Crypto exchange Kraken said on Tuesday it was valued at $20 billion in its latest fundraise, a 33% increase in under two months, as digital market firms continue to attract investor interest. The $800 million dual-tranche funding round follows a crypto-friendly regulatory tone under U.S. President Trump, encouraging digital asset firms to expand in the U.S. with promises of...
Dream Residential REIT Announces Closing of Acquisition by Morgan Properties
Dream Residential REIT Announces Closing of Acquisition by Morgan Properties
Nov 18, 2025
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. TORONTO--(BUSINESS WIRE)-- DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST ( DRREF ) (“Dream Residential REIT” or the “REIT”) announced today the closing of the acquisition of the REIT by an affiliate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved