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CoinDesk

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

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.

Photo: 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.

Originally published by CoinDesk. Read the full story at the source →

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