ByteDance Mulls $70 Billion Capex This Year as AI Costs Grow
ByteDance may raise annual capex to $70 billion, signaling a major escalation in AI data center and infrastructure spending.
Excerpt
<p>ByteDance is considering more than doubling its capital expenditures this year to as much as $70 billion, as the Chinese tech giant ramps up its investment in data centers and other AI infrastructure, Bloomberg reported.</p> <p>ByteDance’s capex plans reflect the surging costs of compute in the AI ...</p>
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