ByteDance denies rumors of preparing $12 billion investment in AI infrastructure

 there are rumors that ByteDance has invested over $12 billion in artificial intelligence infrastructure this year, including preparing 40 billion yuan to purchase AI chips for 2025, which is twice the expenditure for 2024. It also plans to invest about $6.8 billion overseas. In response, ByteDance officials told reporters that the relevant news is not accurate. ByteDance attaches great importance to the development and investment in the field of artificial intelligence, but the rumors about the relevant budget and planning are not correct. (Jinshi)