Bytedance
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techByteDance Boosts AI CapEx to $30B, Targets $70B Industry Spend
ByteDance increases 2026 AI capital expenditure to $30B, with Goldman Sachs projecting $70B from Chinese internet firms.
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techByteDance Develops Custom CPUs to Fuel AI Expansion
ByteDance is designing custom CPUs to reduce costs and secure supply for its AI infrastructure, amidst surging prices and shortages.
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techChinese AI Firms Surge Ahead in Video Generation Race
Chinese AI companies have launched commercial video tools, outpacing US rivals with real products and revenue.
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techAlibaba Links Qwen AI to Taobao, Enables Agentic Shopping
Alibaba integrates Qwen AI with Taobao, Alipay, Fliggy, and Amap for seamless agentic shopping, payments, bookings, and more.
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techByteDance Boosts 2026 AI Budget 25% to $30B
TikTok's parent company plans to spend $30 billion on AI models and chips, competing with Meta and Oracle in the global AI arms race.
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techTikTok Builds Second EU Data Centre in Finland
TikTok commits 1 billion euros to expand data storage in Finland, enhancing European user data sovereignty.
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financeChinese AI Companies and SaaS Market Downturn
Lead Edge Capital’s Mitchell Green discusses the risks of non-profitable companies, the underestimated potential of Chinese AI firms, and the SaaS market downturn.
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techByteDance Halts Video AI Launch Amid Copyright Disputes
ByteDance suspends global rollout of Seedance 2.0 after legal clashes with Hollywood studios over intellectual property rights.