Technology

ByteDance Raises AI Infrastructure Spending by 25%

ByteDance Ltd. has increased its planned spending on artificial intelligence infrastructure by 25% this year, raising the total to 200 billion yuan ($29.4 billion), as reported by the South China Morning Post. This increase from 160 billion yuan last year comes amid rising memory chip costs and reflects the company's strategy to focus more on domestic AI chip development in response to geopolitical challenges in the semiconductor market.

Cloudflare to reduce workforce by 20 percent

Cloudflare announced it will cut approximately 20% of its workforce, equating to over 1,100 jobs, as part of a restructuring to adapt to the rapid adoption of artificial intelligence tools. The company, which had 5,156 full-time employees at the end of 2025, expects to incur charges of $140 million to $150 million related to these job cuts in the second quarter. This decision follows a significant increase in Cloudflare's AI usage, which has risen more than sixfold in the past three months.