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💰TIKTOK’S OWNER IS SPENDING MORE ON AI IN 2026
Tiktok owner ByteDance is raising its 2026 capex by 25% to ¥200 billion ($30B), to spend more on AI.
This is higher than the initial capital expenditure budget of ¥160 billion set late last year.
ByteDance intends to allocate a larger portion of the budget toward domestic AI chips to reduce geopolitical risk.