ByteDance to spend about $14 billion in Nvidia chips in 2026, SCMP reports

Core Insights - ByteDance plans to invest approximately 100 billion yuan ($14.29 billion) in artificial intelligence chips from Nvidia in 2026, marking a significant increase from around 85 billion yuan in 2025 [1] Investment Plans - The investment in AI chips represents a strategic move by ByteDance to enhance its technological capabilities and maintain competitiveness in the AI sector [1] - The increase in spending from 85 billion yuan to 100 billion yuan indicates ByteDance's commitment to expanding its AI infrastructure [1]