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This year, the company's investment in AI amounted to 150 billion yuan.
The same sources mentioned that ByteDance also plans to allocate 85 billion yuan for the purchase of AI chips next year.
There is some uncertainty about the availability of the popular H200 chips from the American company Nvidia in China. Although the U.S. government previously approved the sale of these processors to Chinese customers, approval from Beijing has not been given yet.
ByteDance intends to buy 20,000 of these chips as part of a trial order. Each chip is estimated to cost around $20,000. The sources suggest that ByteDance may boost its capital spending next year if all restrictions on H200 sales in China are removed.
ByteDance has developed its own chatbot called Doubao, which has become the most downloaded in China, as reported by the analytics firm QuestMobile. The company is also promoting its cloud-based business solution, Volcano Engine.
source: ft.com
The same sources mentioned that ByteDance also plans to allocate 85 billion yuan for the purchase of AI chips next year.
There is some uncertainty about the availability of the popular H200 chips from the American company Nvidia in China. Although the U.S. government previously approved the sale of these processors to Chinese customers, approval from Beijing has not been given yet.
ByteDance intends to buy 20,000 of these chips as part of a trial order. Each chip is estimated to cost around $20,000. The sources suggest that ByteDance may boost its capital spending next year if all restrictions on H200 sales in China are removed.
ByteDance has developed its own chatbot called Doubao, which has become the most downloaded in China, as reported by the analytics firm QuestMobile. The company is also promoting its cloud-based business solution, Volcano Engine.
source: ft.com