Dec 22 (Reuters) – TikTok owner ByteDance has made preliminary plans for capital expenditure of 160 billion yuan ($22.74 billion) in 2026 to build artificial intelligence infrastructure, the Financial Times reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report.
($1 = 7.0366 Chinese yuan renminbi)
(Reporting by Anusha Shah in Bengaluru; Editing by Rashmi Aich)