ByteDance, the parent company of TikTok, raised its 2026 capital expenditure budget to approximately $30 billion, a 25% increase, to accelerate AI infrastructure expansion. The company plans to invest…
Qualcomm shares rose after the chipmaker reached a deal to supply TikTok parent ByteDance with custom AI chips for data centers, marking the company's first major customer win in its push beyond smart…
Claude Code (Anthropic) has become the fastest-growing AI coding product, with Anthropic's own codebase now 100% AI-generated for over six months. Uber exhausted its entire 2026 AI budget in four mont…
ByteDance is offering special stock grants to employees in its artificial intelligence division to prevent rival companies from poaching its talent. The move aims to retain key AI researchers and engi…
Qualcomm shares surged Monday after Bloomberg reported the chipmaker is selling "millions" of custom AI processors to TikTok owner ByteDance for use in the social media company's AI agent software. Th…
ByteDance released Lance, an open-source multimodal AI model with 3 billion active parameters that natively handles image generation, video generation, editing, and visual reasoning within a single fr…
Due to Western sanctions limiting access to advanced semiconductors, Russia's Sberbank is seeking to procure Chinese chips to power its GigaChat AI. However, the bank faces significant delays, as it i…