TikTok parent ByteDance budgets $23 billion AI push to challenge Google, Microsoft

ByteDance, the Beijing‑based owner of TikTok, is preparing a major AI spending plan as Chinese tech companies try to stay competitive with U. S. rivals. According to the Financial Times, ByteDance has drafted early budgets to spend RMB160 billion, about $23 billion, in capital expenditure in 2026, a step up from the RMB150 billion the company […] source: https://www.cryptopolitan.com/bytedance-budgets-23-billion-ai-push/