ByteDance, the developer of TikTok, has arranged a $29.6 billion loan as it advances its artificial-intelligence ambitions, according to CoinDesk. The financing comes as the company is reportedly considering spending $70 billion on AI data centers and related infrastructure. The scale of the potential investment underscores the resources ByteDance may be preparing to commit to expanding its AI capabilities. The development also arrives amid calls from U.S. AI giants to slow the pace of the industry’s race. CoinDesk’s report did not provide further details on the loan’s terms or the timing of the potential infrastructure spending. ByteDance’s plans place its financing activity against a broader debate over the speed and scale of investment in AI infrastructure.
