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TikTok developer ByteDance arranges $29.6 billion loan as it builds AI ambitions

coindesk
coindesk|Sep 14, 2026 09:48
ByteDance was reportedly considering spending $70 billion on AI data centers and infrastructure. The news comes as U.S. AI giants call for slowing the AI race.
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Sep 14, 10:15ByteDance secures a $29.6 billion loan to support AI expansion
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