Meta Force Space
BTC $77,845.00 +1.57% ETH $2,512.50 +1.54% SOL $101.76 +2.13% XRP $1.40 +4.26% BNB $722.78 +1.12% DOGE $0.0844 +1.16%
← Back to the news

TikTok developer ByteDance arranges $29.6 billion loan as it builds AI ambitions

CoinDesk

ByteDance was reportedly considering spending $70 billion on AI data centers and infrastructure. The news comes as U.S. AI giants call for slowing the AI race.

This newsroom publishes only an opening to its feed and keeps the full text on its own site. The complete article is at the source below.

Originally published by CoinDesk on

Read the original on CoinDesk ↗

Text and images are the property of CoinDesk and are reproduced here with attribution and a link to the original publication.

More stories

CryptoSlate Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000 The Block Bernstein sees more Clarity Act progress than markets expected, says ‘any positive surprise is definitely not priced in’ CoinDesk Fed, BOE, BOJ interest-rate decisions: Crypto Week Ahead The Block TD Cowen sees 90% upside for bitcoin treasury firm Smarter Web following proposed ‘MORE’ preferred IPO crypto.news South Korea investors seek two-year crypto tax delay crypto.news Pixelmon shuts down game development after inconclusive publisher test

All the latest news