Rick Claypool on Pay to Play Corporate Crime Enforcement 
Labaton Launches Whistleblower Practice with Former SEC Acting Chair Allison Herren Lee 
Kremlin payment firm A7 has been pumping billions in ‘untraceable’ cash into global financial system 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 (US$30 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.
The increase was necessary because of the company’s growing commitment to AI, as well as rising memory chip costs, one of the people said.
Advertisement
Notably, ByteDance has allocated a proportionally larger budget to domestic AI chips, now a common practice among Chinese tech companies to mitigate geopolitical risks and to heed Beijing’s call to use more domestic semiconductors.
Advertisement
Don't Miss:
-
A Total of 13 Mass Graves Have Been Found in Viesca Containing the Charred Remains of Men and Women
-
Jorge Luis Zambrano, alias “Rasquiña”
-
El Taliban Fell In Mazatlán… And What He Confessed Ties Everything Together
-
Inside the Camp at the Heart of Honduras’ Garífuna Land Struggle
-
This Is How the MataZetas Captured and Executed the Zetas