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Reading: FirstFT: ByteDance plans to spend $12bn on AI chips this yr
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FirstFT: ByteDance plans to spend bn on AI chips this yr
The Tycoon Herald > Economy > FirstFT: ByteDance plans to spend $12bn on AI chips this yr
Economy

FirstFT: ByteDance plans to spend $12bn on AI chips this yr

Tycoon Herald
By Tycoon Herald 8 Min Read
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This text is an on-site model of our FirstFT publication. Subscribers can signal as much as our Asia, Europe/Africa or Americas version to get the publication delivered each weekday morning. Discover all of our newsletters right here

Good morning and welcome again. On at this time’s agenda:

  • ByteDance plans $12bn wager on AI chips

  • Trump threatens Putin with extra sanctions

  • China sees room to avert a commerce battle with US


TikTok proprietor ByteDance plans to spend greater than $12bn on synthetic intelligence infrastructure this yr, betting on the cutting-edge expertise for brand spanking new progress as its well-liked video-sharing app comes beneath stress within the US.

The Beijing-based firm has budgeted Rmb40bn ($5.5bn) to accumulate AI chips in China in 2025, in accordance with two individuals aware of the plans, which might double the quantity it spent final yr. The group additionally plans to speculate about $6.8bn abroad to beef up its basis mannequin coaching capabilities utilizing superior Nvidia chips.

Beijing has given Chinese language tech firms casual steering to purchase no less than 30 per cent of their chips from the nation’s personal suppliers, the individuals added.

ByteDance, having emerged because the frontrunner in China’s AI race, is doubling right down to construct out its personal AI infrastructure to coach its basis mannequin, in addition to to implement AI capabilities throughout its numerous platforms.

Right here’s what else we all know in regards to the TikTok dad or mum’s plans.

Right here’s what else we’re protecting tabs on at this time:

  • Financial knowledge: Singapore publishes December inflation knowledge, South Korea experiences advance fourth-quarter GDP and Taiwan releases industrial output figures.

  • Thailand: A legislation permitting same-sex marriage takes impact, making the nation the primary in south-east Asia to recognise marriage equality (Related Press).

  • Japan: The Financial institution of Japan holds its financial coverage assembly forward of an anticipated price rise on Friday.

  • Outcomes: SK Hynix, Hyundai Motor Firm This autumn and Nidec report earnings.

This Friday, be part of client editor Claer Barrett, author of the Type Your Monetary Life Out publication collection, as she discusses the way to spend money on 2025 with different FT consultants. Register at no cost.


5 extra prime tales

1. Donald Trump has warned Vladimir Putin that the US is able to punish Russia with a barrage of latest commerce restrictions if Moscow fails to succeed in an settlement quickly to finish the battle in Ukraine. The Trump administration believes there are extra ways in which the US might tighten the screws on Russia financially, along with the sweeping sanctions Joe Biden imposed on Moscow after it invaded Ukraine in 2022.

2. Pakistan will request the extradition of the billionaire property tycoon Malik Riaz Hussain from the United Arab Emirates, focusing on a robust businessman linked to the jailed former prime minister Imran Khan. The developer stated fraud allegations by Pakistan’s anti-corruption watchdog are an try and “blackmail” him. Listed below are extra particulars.

3. Two Iranian cargo vessels carrying a vital chemical ingredient for missile propellant will sail from China to Iran over the subsequent few weeks, in accordance with intelligence from safety officers in two western international locations. Officers stated the chemical compounds have been being shipped to the Islamic Revolutionary Guard Corps, the elite arm of the Iranian navy. Learn the total story.

4. Elon Musk poured chilly water on Stargate, a large US synthetic intelligence infrastructure undertaking introduced by Trump on Tuesday. “They don’t actually have the money”, the Tesla boss stated in regards to the $500bn initiative backed by OpenAI and SoftBank, in a uncommon break with the president. Right here’s how OpenAI’s chief govt Sam Altman responded.

5. Unique: Chinese language banks have been pitching to work on the blockbuster Hong Kong secondary itemizing of the world’s main EV battery maker CATL for as little as 0.01 per cent in charges. The ultra-low pitches are an indication of the cut-throat competitors within the territory’s once-lucrative listings market the place enterprise has considerably slowed.

Information in-depth

FirstFT: ByteDance plans to spend bn on AI chips this yr
© FT montage; Getty Pictures

Chinese language officers now hope it could be doable to avert a second commerce battle with the US, after Donald Trump didn’t levy instant tariffs and hinted at a possible broader deal involving TikTok’s possession. There may be “cautious optimism”, one skilled stated, however the query is what sort of deal could be acceptable to each side. 

We’re additionally studying . . . 

  • Alex Soros: The chair of Open Society Foundations sits down with FT editor Roula Khalaf to debate his imaginative and prescient for the liberal megadonor his father created.

  • Gaza ceasefire: Many Palestinians have returned to search out solely sand, twisted steel and shredded concrete the place they used to reside.

  • The good liberal shrug: Having supposedly apprehensive an excessive amount of about Trump final time, persons are overcorrecting, writes Janan Ganesh.

Map of the day

Britain’s defence minister warned Russian President Vladimir Putin that “we will not shy away from robust action” after telling parliament {that a} Russian spy ship had been working in UK waters for the second time since November. The vessel was detected within the English Channel after loitering over important undersea infrastructure.

Some content material couldn’t load. Verify your web connection or browser settings.

Take a break from the information . . . 

Our movie critic Danny Leigh remembers David Lynch, the American filmmaker who died just lately at 78, and explains why interviewing him felt pointless regardless that no director meant extra to him.

David Lynch
David Lynch in Los Angeles in 1986 © Bonnie Schiffman

Thanks for studying and keep in mind you’ll be able to add FirstFT to myFT. It’s also possible to elect to obtain a FirstFT push notification each morning on the app. Ship your suggestions and suggestions to [email protected]

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