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159 ByteDance Mulls $70 Billion Capex This Year as AI Costs Grow

The Information
Juro Osawa @ The Information 2 place · today 06:35 EDT

ByteDance is considering more than doubling its capital expenditures this year to as much as $70 billion, as the Chinese tech giant ramps up its investment in data centers and other AI infrastructure, Bloomberg reported. ByteDance’s capex plans reflect the surging costs of compute in the AI ...

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