ByteDance denies rumor of $12 billion AI infrastructure investment, sources say budget information is false
First Financial News reported that ByteDance officially denied rumors that it plans to invest $12 billion in developing AI infrastructure, including ¥40 billion for AI chip procurement in 2025 and $6.8 billion in overseas investment. Company officials stated that while the company highly values the development of AI, the specific budget plan in the rumors is not true.
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