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ByteDance targets 25% rise in AI infrastructure spending - The Economic Times
ByteDance has significantly increased its AI infrastructure spending by 25% to 200 billion yuan ($29.4 billion) this year, driven by rising memory chip costs and an expanded AI focus. The Chinese tech giant is prioritizing domestic AI chips, aligning with Beijing's push for local technology amid US rivalry. This investment supports ByteDance's AI chatbot, Doubao, which has seen substantial downloads.
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