Sign in Subscribe

ByteDance to Spend $20 Billion on AI in 2025

ByteDance, the Chinese owner of TikTok, plans to invest over 150 billion yuan ($20.64 billion) in capital expenditure this year, with a significant portion focused on artificial intelligence, Reuters reports. The company plans to allocate approximately half of this investment to AI-related infrastructure, including data centers and networking equipment,
ByteDance to Spend $20 Billion on AI in 2025

TikTok Sale Heats Up as Trump and China Seek Deal

The race to acquire TikTok is intensifying, with a growing list of potential buyers emerging as President Trump and the Chinese government signal their willingness to negotiate a deal. The US has mandated the sale of TikTok's US operations, citing national security concerns, and the 75-day deadline for
TikTok Sale Heats Up as Trump and China Seek Deal

Japanese Chip Material Makers Expand US Production to Supply TSMC's Arizona Plant

Japanese chip material makers are increasing their production in Arizona to support Taiwan Semiconductor Manufacturing Co.'s (TSMC) new plant, a trend that could accelerate if President Donald Trump imposes tariffs, Nikkei Asia reports. The move is driven by the influx of advanced chipmaking facilities to Arizona, spurred by

Microsoft Relaxes Grip on OpenAI as $500 Billion AI Joint Venture Emerges

Microsoft has adjusted its deal with OpenAI, the creator of ChatGPT, to accommodate a new $500 billion AI data center joint venture announced by OpenAI with Oracle and SoftBank Group, according to Reuters. The deal, dubbed "Stargate" and announced by President Donald Trump at the White House, aims

ByteDance Launches AI Code Editor as TikTok Ban Delays Continue

ByteDance, the Chinese technology giant behind TikTok, has released an AI-powered code editor in what appears to be a strategic move following the recent delay of the US TikTok ban, the South China Morning Post reports. The new tool, named Trae, is specifically targeting overseas markets and utilizes advanced AI

Huawei Takes Aim at Nvidia's Dominance in China's AI Chip Market

Huawei is making a significant push to expand its market share in China's artificial intelligence chip market, targeting the "inference" segment currently dominated by Nvidia, the Financial Times reports. While Nvidia dominates the "training" segment of AI development, Huawei is positioning its Ascend AI

$100 Billion AI Investment Unveiled by Trump, SoftBank, OpenAI and Oracle

President Donald Trump unveiled a massive $100 billion joint venture aimed at accelerating AI development, partnering with SoftBank Group Corp., OpenAI, and Oracle Corp. The initiative, as reported by Bloomberg, was described as an "immediate" investment that will ultimately reach at least $500 billion, aiming to establish AI

Trump Pauses TikTok Ban, Offers Immunity to Tech Firms

President Trump signed an executive order on Monday pausing the implementation of a law banning TikTok and shielding companies that work with the popular video app from liability, as reported by NPR. The order, which will freeze the law for 75 days, aims to allow the administration time to "

Netflix Soars on Record Subscriber Growth, Price Hikes, and Live Events

Netflix's strong performance in the fourth quarter, fueled by record subscriber additions and a successful live event strategy, propelled the company's stock price higher and solidified its dominance in the streaming market, as reported by Reuters. The company added 18.9 million subscribers in the final

OpenAI's New Reasoning AI Model, 'o3 mini,' Ready for Launch

OpenAI, the creator of ChatGPT, has finalized its new reasoning AI model, "o3 mini," and is preparing for an imminent launch, CEO Sam Altman announced on Friday. The news, reported by Reuters, comes as the Microsoft-backed company continues to innovate in the field of artificial intelligence. Altman, in