ByteDance is accelerating its AI expansion, having raised its AI infrastructure spending plan for this year by 25%, from RMB160 billion at the end of last year to RMB200 billion, the South China Morning Post reported, citing sources.The increment is majorly propelled by the company's persistently strong commitment to AI businesses and the ongoing rise in memory chip costs, sources divulged. Related News G Sachs Lifts SMIC (00981.HK) TP to HKD135, Upbeat on Five Key DriversAs part of the budget adjustment, ByteDance also increased the proportion of domestically produced AI chips in its procurement mix to address geopolitical risks and align with Beijing's policy direction of promoting domestic semiconductors.
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