AIThe Next Webabout 13 hours ago
ByteDance seeks record $20bn loan for AI build-out
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ByteDance is in preliminary talks with banks for a roughly $20bn offshore loan, which would be the largest the TikTok owner has ever raised. The three-year facility, extendable to five, would nearly double the $9.5bn loan ByteDance arranged in September 2024. Proceeds would fund AI infrastructure, with ByteDance planning roughly $22.7bn in capital expenditure for 2026.
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