Sources: ByteDance has earmarked over $20.6B in capital expenditure for 2025, with about half of the amount on AI-related infrastructure outside China (Reuters)

Reuters:
Sources: ByteDance has earmarked over $20.6B in capital expenditure for 2025, with about half of the amount on AI-related infrastructure outside China  —  ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year …