ByteDance boosts AI infrastructure spending by 25% to $28 billion this year · TechNode

ByteDance boosts AI infrastructure spending by 25% to $28 billion this year · TechNode

TikTok parent company ByteDance has increased its planned spending on AI infrastructure by 25% this year, raising the total to RMB 200 billion ($28 billion), as rising memory chip costs continue to push up expenses, according to people familiar with the matter. The company had initially set its AI capital expenditure budget at RMB 160 billion ($22.5 billion) late last year, but has since revised it upward to RMB 200 billion ($28 billion). ByteDa…