ByteDance Responds to $12 Billion Investment in AI Infrastructure
ByteDance responds to $12 billion investment in AI infrastructure: The company attaches great importance to the development and investment in the field of AI, but rumors about related budgets and plans are not correct.
The Financial Times reported today that ByteDance plans to invest 40 billion yuan in purchasing AI chips by 2025, and the company is also preparing to invest around $6.8 billion overseas to enhance its basic model training capabilities using NVIDIA's AI chips.
In response to this, a person from ByteDance stated: "The related news is not accurate. ByteDance values the development and investment in the field of artificial intelligence, but the rumors about related budgets and plans are not correct."
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