ByteDance, the company behind TikTok, reported a sharp profit decline of more than 70% as it dramatically increased spending on artificial intelligence infrastructure and research. The Beijing-based tech giant is investing heavily in AI chips, computing power, and AI model development to compete with other tech companies.
Summaries like this, in your inbox every morning.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
