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Report: ByteDance sets aside about $20B for AI spending this year
Reuters added that the main beneficiaries of ByteDance’s spending will include Nvidia Corp., which manufactures the powerful graphics processing units that drive many of the most advanced AI models ...
The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget’ may have already undercut those hopes
Hangzhou-based DeepSeek has released several open-source AI models that match OpenAI's performance—with more efficiency and at lower cost.