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ByteDance Denies Rumors on Budget and Planning
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Rumor has it that ByteDance will pump over US$12 billion into AI infrastructure this year, including RMB40 billion for purchasing AI chips in 2025, which is two times of the expenditure for 2024. The company is also said to plan an overseas investment of around US$6.8 billion. In response to these rumors, a representative from ByteDance stated that the rumored information is inaccurate, and those regarding the company's budget and planning are incorrect. AAStocks Financial News |
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