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On Tue, 31 Dec, 4:01 PM UTC
2 Sources
[1]
ByteDance leads China's big tech spending with $11 billion in 2024 - VnExpress International
ByteDance's major competitors, Baidu, Alibaba, and Tencent invested a combined 100 billion yuan collectively this year, as reported by the South China Morning Post, citing a research note from Zheshang Securities. The Beijing-based company, founded by Zhang Yiming, generates significant cash flow from Douyin, the Chinese counterpart of TikTok. The company is expected to double its capital expenditure to 160 billion yuan in 2025, with 90 billion yuan allocated for computing power. The exact allocation for AI was not specified. While China's Big Tech firms are ramping up their AI spending, they still trail behind their U.S. counterparts. Microsoft's capital expenditure in 2024 reached US$44.5 billion, according to the research note. Zheshang Securities notes that ByteDance's substantial investment in computing infrastructure is set to accelerate progress within China's AI sector. The company's expanding AI capabilities are poised to enhance its core platforms, including the short-video app Douyin and the news app Jinri Toutiao, by refining their recommendation algorithms and search functionalities. ByteDance's AI chatbot, Doubao, which launched in May, has quickly become China's most popular AI chatbot, reaching nearly 60 million monthly active users by November. Doubao competes with OpenAI's GPT-4, excelling in areas such as reasoning, coding, and instruction-following. Globally, Doubao ranks as the second most popular AI product by monthly active users (MAUs), behind OpenAI's ChatGPT, according to a November ranking from Aicpb.com. ByteDance's AI portfolio now includes around 20 distinct AI-driven projects, underscoring its significant push into the emerging field of artificial intelligence.
[2]
ByteDance leads China's big tech spending with $11B in 2024 - VnExpress International
ByteDance's major competitors, Baidu, Alibaba, and Tencent invested a combined 100 billion yuan collectively this year, as reported by the South China Morning Post, citing a research note from Zheshang Securities. The Beijing-based company, founded by Zhang Yiming, generates significant cash flow from Douyin, the Chinese counterpart of TikTok. The company is expected to double its capital expenditure to 160 billion yuan in 2025, with 90 billion yuan allocated for computing power. The exact allocation for AI was not specified. While China's Big Tech firms are ramping up their AI spending, they still trail behind their U.S. counterparts. Microsoft's capital expenditure in 2024 reached US$44.5 billion, according to the research note. Zheshang Securities notes that ByteDance's substantial investment in computing infrastructure is set to accelerate progress within China's AI sector. The company's expanding AI capabilities are poised to enhance its core platforms, including the short-video app Douyin and the news app Jinri Toutiao, by refining their recommendation algorithms and search functionalities. ByteDance's AI chatbot, Doubao, which launched in May, has quickly become China's most popular AI chatbot, reaching nearly 60 million monthly active users by November. Doubao competes with OpenAI's GPT-4, excelling in areas such as reasoning, coding, and instruction-following. Globally, Doubao ranks as the second most popular AI product by monthly active users (MAUs), behind OpenAI's ChatGPT, according to a November ranking from Aicpb.com. ByteDance's AI portfolio now includes around 20 distinct AI-driven projects, underscoring its significant push into the emerging field of artificial intelligence.
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ByteDance, the parent company of TikTok, is set to invest $11 billion in AI and computing power in 2024, outpacing its Chinese competitors and signaling a major push in the AI race.
ByteDance, the Chinese tech giant behind TikTok, is set to lead China's big tech spending with a staggering 80 billion yuan ($11 billion) investment in artificial intelligence and computing power in 2024 12. This significant investment underscores ByteDance's commitment to advancing its AI capabilities and maintaining its competitive edge in the global tech landscape.
ByteDance's investment dwarfs that of its major Chinese competitors. Baidu, Alibaba, and Tencent are reported to have invested a combined 100 billion yuan collectively in 2024, according to a research note from Zheshang Securities cited by the South China Morning Post 12. This disparity highlights ByteDance's aggressive push to dominate the AI sector in China.
The Beijing-based company, founded by Zhang Yiming, is not stopping at its 2024 investment. ByteDance is expected to double its capital expenditure to 160 billion yuan in 2025, with 90 billion yuan allocated specifically for computing power 12. While the exact allocation for AI was not specified, the substantial investment in computing infrastructure is set to accelerate progress within China's AI sector.
Despite the impressive figures, China's Big Tech firms still trail behind their U.S. counterparts in terms of AI spending. For instance, Microsoft's capital expenditure in 2024 reached $44.5 billion, according to the same research note 12. This comparison provides context for the global AI race and the scale of investments being made by tech giants worldwide.
ByteDance's AI portfolio now includes around 20 distinct AI-driven projects, showcasing its significant push into artificial intelligence 12. One of its notable successes is the AI chatbot Doubao, launched in May, which has quickly become China's most popular AI chatbot. By November, Doubao had reached nearly 60 million monthly active users, competing with OpenAI's GPT-4 and excelling in areas such as reasoning, coding, and instruction-following 12.
Globally, Doubao ranks as the second most popular AI product by monthly active users (MAUs), behind only OpenAI's ChatGPT, according to a November ranking from Aicpb.com 12. This achievement demonstrates ByteDance's growing influence in the global AI market and its potential to challenge established players.
ByteDance's expanding AI capabilities are poised to enhance its core platforms, including the short-video app Douyin (the Chinese counterpart of TikTok) and the news app Jinri Toutiao. These enhancements are expected to refine recommendation algorithms and search functionalities, potentially improving user experiences and engagement across ByteDance's ecosystem 12.
Reference
[1]
VnExpress International – Latest news, business, travel and analysis from Vietnam
|ByteDance leads China's big tech spending with $11 billion in 2024 - VnExpress International[2]
VnExpress International – Latest news, business, travel and analysis from Vietnam
|ByteDance leads China's big tech spending with $11B in 2024 - VnExpress InternationalByteDance, TikTok's parent company, plans to invest around $20 billion in AI infrastructure in 2025, focusing on enhancing its AI capabilities both domestically and internationally while navigating geopolitical challenges.
10 Sources
10 Sources
ByteDance, TikTok's parent company, is leading the race in China's generative AI market by aggressively hiring top talent and becoming Nvidia's largest chip customer in Asia, outpacing competitors like Alibaba and Baidu.
3 Sources
3 Sources
ByteDance, TikTok's parent company, plans to spend $7 billion on Nvidia GPUs in 2025, sidestepping US export restrictions by storing chips in offshore data centers. This move highlights the ongoing tension between US tech regulations and Chinese AI ambitions.
6 Sources
6 Sources
Despite US restrictions on China's access to advanced AI chips, major Chinese tech companies are ramping up their investments in artificial intelligence. Alibaba and Tencent are leading the charge with significant financial commitments and strategic partnerships.
3 Sources
3 Sources
TikTok's parent company, ByteDance, is intensifying its efforts to design its own AI chips. This move aims to reduce reliance on foreign technology and boost its AI capabilities amid growing competition and regulatory challenges.
2 Sources
2 Sources
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