TikTok proprietor ByteDance plans to spend $12 billion | Inventory Information
(Reuters) – TikTok proprietor ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this 12 months, betting on the cutting-edge technology for new growth, the Monetary Instances reported on Tuesday, citing people conversant in the matter.
This transfer comes because the company faces stress from Washington to promote its well-liked video-sharing app in america.
Keep up to date with the latest news within the stock markets! Our web site is your go-to source for cutting-edge financial news, stock trends, market insights, and updates on key investments. We offer each day updates to make sure you have entry to the freshest data on stock actions, industry efficiency, earnings reviews, and main market bulletins.
Discover how these trends are shaping the longer term of the stock market! Go to us repeatedly for probably the most participating and informative content material by clicking right here. Our fastidiously curated articles will keep you knowledgeable on market shifts, investment methods, stock evaluation, and pivotal moments within the financial world.
