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FirstFT: ByteDance plans to spend $12bn on AI chips this year

The ByteDance logo is seen on a window at the company’s office

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Good morning and welcome back. On today’s agenda:

  • ByteDance plans $12bn bet on AI chips

  • Trump threatens Putin with more sanctions

  • China sees room to avert a trade war with US


TikTok owner ByteDance plans to spend more than…

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