ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.

TikTok parent ByteDance is asking Chinese employees at its Singapore headquarters to pay tax to their home country or risk losing their ability to cash out on stock options, as Beijing steps up enforcement of its global tax scheme.

TikTok's influence has been greater than its seemingly short-lived demise. The ByteDance-owned app returns after going dark over the weekend.

TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.

There were 36 hours of mad frenzy as TikTok executives and lawyers sought and failed to get a last-minute reprieve from Biden — and then landed one from Trump.

TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial intelligence capabilities, Reuters reported today.

The controversy stems from legislation passed in 2024 that required TikTok’s Chinese parent company, ByteDance, to sell the app to a U.S.-based entity or face a ban. After former President Joe Biden signed the legislation into law, the Supreme Court upheld the ban, with a compliance deadline of Jan. 19, 2025.

BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford. Read more at The Business Times.

TIKTOK’S Chinese parent company has just over two months to find a buyer for the app’s US business or face a nationwide ban, after getting a time extension from President Donald Trump.  There is already competition to own it.

As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.

It’s a good bet that President Donald Trump cares a lot more about TikTok than Chinese President Xi Jinping does. That suggests the Chinese leader will have some bargaining leverage over Trump in whatever discussions the two have about the fate of the ByteDance-owned app.