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TikTok's Parent Company Just Borrowed $30 Billion to Go All-In on AI

Nearly 30 banks backed the rare unsecured facility as TikTok’s parent company spends heavily on AI chips, models, and overseas data centers.

Nearly 30 banks backed the rare unsecured facility as TikTok’s parent company spends heavily on AI chips, models, and overseas data centers.

Read the full story at Decrypt

Source: Decrypt

Original report: Decrypt

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