(Reuters) – TikTok owner ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this year, betting on the cutting-edge technology for new growth, the Financial Times reported on Tuesday, citing people familiar with the matter.
This move comes as the company faces pressure from Washington to sell its popular video-sharing app in the United States.
(Reporting by Disha Mishra in Bengaluru; Editing by Sherry Jacob-Phillips)
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