Browsing: Spending

CFOs’ capital commitment to AI is real and growing rapidly, with finance departments increasingly reaping the benefits, Bain & Company finds in new research. Bain’s survey of more than 100 CFOs globally reveals that 83% plan to increase enterprise-wide AI spending by more than 15% over the next two years, with a significant share of that spending allocated […] The post 42% of CFOs plan to increase AI investment by over 30% within two years—Bain & Company appeared first on Web-Release.

Chinese technology group ByteDance, best known as the owner of TikTok, is preparing a major push in artificial intelligence for 2026, planning roughly $23 billion (about 160 billion yuan) in capital expenditure on  AI infrastructure. The company intends this outlay to expand servers, data centres, and next-generation compute capacity that supports its AI models and services. This […] The post ByteDance will spend $23 billion on AI infrastructure in 2026 appeared first on Web-Release.