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TikTok developer ByteDance arranges $29.6 billion loan as it builds AI ambitions

Covered by 1 source · 1 article

ByteDance was reportedly considering spending $70 billion on AI data centers and infrastructure. The news comes as U.S. AI giants call for slowing the AI race.

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TikTok developer ByteDance arranges $29.6 billion loan as it builds AI ambitions
CoinDesk Sep 14, 09:43 UTC

TikTok developer ByteDance arranges $29.6 billion loan as it builds AI ambitions

ByteDance was reportedly considering spending $70 billion on AI data centers and infrastructure. The news comes as U.S. AI giants call for slowing the AI race.

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