ByteDance plans to spend $23 billion towards AI infrastructure in 2026, FT reports

FILE PHOTO: FILE PHOTO: Bytedance logo is seen in this illustration taken February 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Dec ‌22 (Reuters) - TikTok ‌owner ByteDance has ‌made preliminary plans for capital ‍expenditure of ‍160 ‌billion yuan ($22.74 billion) in ‍2026 ​to ⁠build artificial intelligence infrastructure, the ‌Financial Times ⁠reported ‍on Monday, citing ‍people familiar with ‌the matter.

Reuters could not immediately verify the report.

($1 = 7.0366 Chinese yuan ‌renminbi)

(Reporting by Anusha Shah ​in Bengaluru; Editing by Rashmi Aich)