Golden Finance reported that according to China Business News, in response to market rumors that ByteDance plans to invest US$12 billion in the development of AI infrastructure, including RMB40 billion for AI chip procurement in 2025 and US$6.8 billion in overseas investments, ByteDance Officials deny it. Company officials said that although the company attaches great importance to the development of the AI ​​field, the rumored specific budget plans are not true.