Tag: bytedance
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ByteDance Secures Landmark $29.6 Billion Loan to Fuel Ambitious Global AI Expansion Amidst Intense Tech Race
ByteDance, the formidable parent company behind the global sensation TikTok, has successfully secured a colossal $29.6 billion loan facility from an international consortium of nearly 30 banks. This monumental capital injection is earmarked to significantly bolster the company’s aggressive investment in artificial intelligence, with a particular emphasis on expanding its global infrastructure and research capabilities.…
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