Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York 
Elon Musk Becomes World's First Trillionaire After SpaceX IPO Surge 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
Meta AI Strategy Faces Challenges as Zuckerberg Admits Mistakes in Internal Memo 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Obayashi to Acquire Multiplex in $526M Expansion Deal 
OpenAI's $34B Spending Pushes AI Market Leadership Ahead of IPO 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
TikTok owner ByteDance is preparing to significantly increase its investment in artificial intelligence in 2026, underscoring the intensifying global race between China’s leading technology companies and their U.S. counterparts. According to a report by the Financial Times, citing people familiar with the matter, the Beijing-based tech giant has drawn up preliminary plans to spend approximately 160 billion yuan, or about $23 billion, in capital expenditure next year, largely focused on AI-related infrastructure.
This planned spending represents a notable rise from the estimated 150 billion yuan ByteDance is investing in AI infrastructure in 2025. Around half of the 2026 budget is expected to be allocated to the acquisition of advanced semiconductors, which are critical for training and deploying large-scale AI models and applications. The report noted that ByteDance has set aside roughly 85 billion yuan specifically for AI processors, highlighting the company’s ambition to strengthen its computing capabilities despite ongoing uncertainty surrounding access to Nvidia chips due to U.S. export controls.
ByteDance has already emerged as one of China’s largest builders of AI infrastructure, leveraging its vast ecosystem that includes TikTok and its Chinese counterpart Douyin. However, its investment levels still lag far behind those of U.S. Big Tech companies, which collectively are expected to pour more than $300 billion into AI and related technologies this year. This disparity illustrates the scale of the challenge Chinese firms face as they attempt to narrow the technological gap with global leaders such as Microsoft, Google, Amazon, and Meta.
The Financial Times report also indicated that ByteDance could further raise its AI spending if restrictions on purchasing Nvidia’s H200 processors are relaxed. In parallel, the company continues to lease overseas data centers to gain access to cutting-edge hardware needed for training advanced AI models. These moves reflect ByteDance’s determination to remain competitive in artificial intelligence, a sector increasingly seen as central to future growth, innovation, and global technological influence.
