Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
ByteDance denies $12B AI chip investment amid US tensions

ByteDance denies $12B AI chip investment amid US tensions

GrafaGrafa2025/01/23 08:50
By:Isaac Francis

ByteDance, the parent company of TikTok, is reportedly planning an investment of over $12 billion in AI chips for 2025, according to the Financial Times.

This figure would represent a significant increase from the previous year, underlining the company's strong commitment to advancing its AI capabilities amidst ongoing political challenges in the U.S.

The report suggests that approximately $5.5 billion of the total budget will be allocated for purchasing domestic chips from manufacturers like Huawei and Cambricon, while the remaining $6.8 billion will be earmarked for overseas AI infrastructure.

However, the company may encounter significant obstacles due to U.S. sanctions that limit access to advanced technologies.

Chinese tech companies, including ByteDance, are under increasing pressure from the Chinese government to strengthen local industries and reduce reliance on U.S.-made components like those from Nvidia, particularly as U.S. restrictions on high-tech products continue to grow.

ByteDance’s AI chatbot, Doubao, has seen considerable success, with over 60 million monthly active users, reflecting the growing interest in AI technologies in China.

However, ByteDance has denied the specifics of the Financial Times report, claiming the details about the budget and investments were inaccurate.

The company emphasised that its AI efforts are still in early stages, primarily focusing on optimising ad and recommendation systems, and that it has no plans to circumvent U.S. sanctions.

Despite the company's denials, these reported plans signal ByteDance's strategic focus on AI development as it faces increasing scrutiny and regulatory challenges, particularly in the U.S., where TikTok continues to be under investigation and is potentially at risk of a ban.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!