ByteDance raises 2026 capex by at least 25% amid AI boom, rising memory costs, sources say

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South China Morning Post

TikTok owner ByteDance is ramping up its spending on artificial intelligence infrastructure, boosting its planned capital expenditure this year to more than 200 billion yuan (US30 billion), according to two people familiar with the matter. This represented an increase of at least 25 per cent compared with a preliminary plan discussed late last year that proposed AI capex of 160 billion yuan, they said.