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TikTok's Parent ByteDance Plans $12 Billion AI Chip Investment in China and Overseas for 2025, Denies Reports
Jan 22, 2025, 03:08 AM
ByteDance, the parent company of TikTok, is reportedly planning to invest $12 billion in artificial intelligence (AI) chips in 2025, according to the Financial Times. The investment is split into $5.5 billion for AI chips in China and $6.8 billion for overseas AI model training, utilizing chips from Nvidia. However, ByteDance has denied these reports, stating that the information about their budget and planning is incorrect. The company is also facing pressure in the U.S. regarding its social media business, with TikTok recently reinstating its service after a 75-day moratorium on a ban that required it to separate from its Chinese parent. ByteDance sources its chips domestically from companies like Huawei and Cambricon, with the remainder coming from Nvidia, adjusted to comply with U.S. export restrictions. The Chinese government has informally advised domestic tech companies to purchase at least 30% of their chips from local suppliers.
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