🔴 ByteDance injects $23 billion into AI race for 2026

⬅️ ByteDance plans to invest $23 billion in 2026 to develop a massive artificial intelligence infrastructure and keep up with American tech giants.

⬅️ More than $12 billion (about half the budget) will be exclusively allocated for the purchase of semiconductors and advanced processors, with plans to acquire 20,000 "Nvidia H200" processors.

⬅️ The company's Doubao app has managed to regain the top spot in China with 159 million monthly active users, surpassing its competitor "DeepSeek".

📌Impact of the news: Injecting these billions boosts global demand for Nvidia chips and raises the market value of Chinese tech companies as a strong alternative to Silicon Valley$SOL $XRP