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ByteDance denies rumor of $12 billion AI infrastructure investment, sources say budget information is false

ByteDance denies rumor of $12 billion AI infrastructure investment, sources say budget information is false

CointimeCointime2025/01/22 04:45
By:Cointime

First Financial News reported that ByteDance officially denied rumors that it plans to invest $12 billion in developing AI infrastructure, including ¥40 billion for AI chip procurement in 2025 and $6.8 billion in overseas investment. Company officials stated that while the company highly values the development of AI, the specific budget plan in the rumors is not true.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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