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AI, ByteDance and plan
Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
ByteDance plans to pump $20bn capex mostly into AI as it defends its AI lead in China
Chinese ByteDance reportedly plans a $20 billion capital expenditure in 2025, mainly targeting AI as the tech giant seeks to defend its AI lead back home. Sources who spoke to Reuters revealed the TikTok owner will pump a significant chunk of the total money (150 billion yuan or $20 billion) abroad into AI infrastructure development.
ByteDance plans to invest $12bn in AI infrastructure
The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
Trump, TikTok
'Save TikTok': Donald Trump says he'll issue executive order to delay TikTok ban
The president-elect Sunday pledged an executive order, hours into his second term, returning access for American users, at least temporarily.
Trump can save TikTok without forcing a sale, ByteDance board member claims
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
Trump delays TikTok ban, floats U.S. stake in sale
President Trump has paused the federal ban on TikTok for 75 days, giving ByteDance, the app's China-based owner, time to sell its U.S. assets. In a bold proposal, Trump suggested that a future buyer give the United States a 50% ownership stake in a joint venture.
Trump, MLK
Trump administration live updates: Trump issues executive orders to declassify assassination files on the Kennedys, MLK Jr.
Follow live updates and coverage on Trump's administration as the president addresses the World Economic Forum and the Senate considers Trump Cabinet nominees.
Trump orders declassification of JFK, RFK, MLK assassination files
President Donald Trump signed an executive order on Thursday to declassify any remaining government files related to the assassinations of former President John F. Kennedy, former Sen. Robert F. Kennedy and civil rights leader Martin Luther King Jr.
Trump Keeps Campaign Promise to Declassify John F. Kennedy Assassination Files
President Donald Trump has signed an order to declassify government records relating to the assassination of JFK Jr., Newsweek's live blog is closed.
Newsweek on MSN
8d
Fact-Check: Is Donald Trump Buying TikTok? What We Know as Ban Looms
Reports have identified potential buyers for TikTok, including Steven Mnuchin, Frank McCourt, and Kevin O'Leary of Shark Tank ...
Rolling Out
1d
Donald Trump considers Elon Musk buying TikTok
Donald Trump signed an executive order delaying the US ban on ByteDance's TikTok for 75 days, starting January 19.
abp LIVE
4h
Donald Trump Dismisses Concerns On China Spying Via TikTok: Here's What He Said
Trump recently signed an executive order granting TikTok’s Chinese parent company, ByteDance, a 75-day extension to divest ...
2d
on MSN
President Donald Trump Signs Executive Order Delaying TikTok Ban for 75 Days
President Donald Trump signed an executive order to further delay the TikTok ban in the U.S. In a statement shared hours ...
2d
'I got to use it': Donald Trump's evolution from TikTok foe to a fan
Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.
4d
on MSN
Donald Trump Touts That “TikTok Is Back,” Calls Elon Musk To Stage At MAGA-Heavy Pre-Inauguration Rally; Incoming POTUS Will Visit L.A. On Friday
Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that ...
1d
Full List of Donald Trump's Executive Orders Signed in First Week
Newsweek is tracking the flurry of executive actions President-elect Trump is expected to sign on Monday. Follow along here.
2d
on MSN
Donald Trump issues executive order to halt TikTok ban – but is it legal?
President Donald Trump issued an executive order aiming to temporarily halt a law requiring TikTok to sell U.S. assets or be ...
LIVE
8h
Trump tells world business leaders to make in America or face tariffs
The new US president is delivering a virtual address, one of the first major speeches of his presidency, at the World Economic Forum in Davos.
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