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ByteDance plans 2026 capex increase above $30B amid AI boom
ByteDance plans to raise its 2026 capital expenditure above $30 billion, up at least 25% from earlier projections, to fund AI infrastructure and offset rising memory chip costs.
South China Morning Post: Sources: ByteDance plans to increase its 2026 capex to more than $30B, up at least 25% from a preliminary plan, amid the AI boom and rising memory chip costs — TikTok owner ByteDance is ramping up its spending on artificial intelligence infrastructure, boosting its planned capital expenditure …
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