๐ฐ ByteDance Doubling Down Hard: Up to $70B in AI Capex for 2026
ByteDance is reportedly hiking its 2026 AI capital spending to as much as $70 billion โ more than double the roughly $23 billion it spent last year โ funneling billions into AI processors, model development, and competing with U.S. rivals. The company behind TikTok and Doubao is betting big on becoming China's dominant AI powerhouse. Can ByteDance's spending spree outpace OpenAI and Google in the AI arms race?
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