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ByteDance denies plans to invest $12 billion in AI infrastructure

It is reported that ByteDance has invested more than 12 billion US dollars in artificial intelligence infrastructure this year, of which 40 billion yuan is prepared for the purchase of AI chips in 2025, which is twice the expenditure in 2024. Another plan is to invest about 6.80 billion US dollars overseas. In response, ByteDance officials responded to reporters: The relevant information is not accurate. ByteDance attaches great importance to the development and investment in the field of artificial intelligence, but the relevant budget and planning rumors are not correct. (Jin Ten)