#ByteDance is increasing its #capitalexpenditure on #AIinfrastructure to over 200 billion yuan, a 25% increase from the previous plan of 160 billion yuan. The increase is due to rising memory chip costs and the company’s growing commitment to AI. https://www.scmp.com/tech/article/3352906/bytedance-raises-2026-capex-least-25-amid-ai-boom-rising-memory-costs-sources-say?eicker.news #tech #media #news
ByteDance raises 2026 capex by at least 25% amid AI boom, sources say

ByteDance is allocating a proportionally larger budget to domestic AI chips to mitigate geopolitical risks and heed Beijing’s call.

South China Morning Post