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Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance plans to invest $12bn in AI infrastructure
ByteDance to invest $12 billion in AI infrastructure by 2025- FT
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 pressure from Washington for the Chinese firm to sell its popular video-sharing app in the United States.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
Newsweek is tracking the flurry of executive actions President-elect Trump is expected to sign on Monday. Follow along here.
Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.
Trump recently signed an executive order granting TikTok’s Chinese parent company, ByteDance, a 75-day extension to divest its ownership stake.
Afrotech on MSN2d
President Donald Trump Believes The US Is Entitled To 50% Ownership Of TikTok After Extending Ban By 75 DaysTikTok will remain operational for at least another 75 days following an order from President Donald Trump. On Monday, Jan. 19, 2025, during his first day in office, Trump — who has the authority to delay the ban for up to 90 days — ordered the federal government to pause enforcing the law that
"There's no legal basis for any kind of 'extension'" to keep the popular social media app running, warned GOP Sens. Tom Cotton and Pete Ricketts on Sunday.
The president-elect Sunday pledged an executive order, hours into his second term, returning access for American users, at least temporarily.
TikTok got a short reprieve to make a deal. Project Stargate, a $500B AI plan from OpenAI, Oracle, and Softbank, pushes Musk, Microsoft, aside. Google buys HTC VR tech.
5hon MSN
As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.
There were 36 hours of mad frenzy as TikTok executives and lawyers sought and failed to get a last-minute reprieve from Biden — and then landed one from Trump.
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