ByteDance denies investing $12 billion in AI

Recently, reports about ByteDance's large investment plans in the field of AI have attracted widespread attention. According to reports, ByteDance may invest more than $12 billion in artificial intelligence infrastructure. However, ByteDance responded to domestic media that the relevant budget and planning rumors are not accurate. At the same time, ByteDance also emphasized that the company attaches great importance to the development and investment in the field of artificial intelligence.