ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this ...

The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...

There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok ...

It was unclear how the 2025 plan compared with prior years as the private company does not disclose financial details. On Tuesday, the Financial Times reported ByteDance planned $12 billion for AI ...

citing two people familiar with the plans. About 60% of ByteDance’s domestic semiconductor orders are expected to be fulfilled by Chinese suppliers like Huawei Technologies and Cambricon.

Under new plan, US government would acquire its stake during entity's initial public offering, which could be valued at $300B ...

Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app ...

Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised ...

AI search engine startup Perplexity AI has put forward a revised proposal for a merger with TikTok's US operations, reported ...