TikTok parent ByteDance sets aside $12m to spend on AI chips this year – FT


ByteDance office in San Jose, California, USA

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Beijing-based ByteDance (BDNCE) aims to spend more than $12 million on AI infrastructure by 2025 and has allocated a budget of RMB 40 million ($5.5 million) to acquire AI chips in China this year, the Financial Times he reported Tuesday, citing two



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