ByteDance Eyes Record $20bn Offshore Loan as AI Arms Race Drives Unprecedented Capital Spending
ByteDance, the Chinese technology giant behind TikTok, is exploring what could become the largest offshore borrowing in its history as the company accelerates spending on artificial intelligence infrastructure and takes a position in an intense global AI race. According to people familiar with the matter cited by Reuters, the Beijing-based social media conglomerate has begun [...] The post ByteDance Eyes Record $20bn Offshore Loan as AI Arms Race Drives Unprecedented Capital Spending appeared first on Tekedia .
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