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On May 27, Bloomberg reported that ByteDance plans to significantly increase its capital expenditures this year and next, aiming to take the lead in China's AI market and challenge top US AI companies. Sources familiar with the matter revealed that ByteDance is discussing investing up to $70 billion this year in AI infrastructure such as data centers, with the majority of the funds coming from profits of approximately $50 billion in 2025. The current expenditure figures are preliminary plans and will be adjusted quarterly, with capital expenditures this year likely to range between 400 billion and 500 billion yuan. If economic and business conditions remain favorable, capital expenditures could rise to about $100 billion next year, compared to around $25 billion last year.
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