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A profile of Edwin Chen, the CEO of Surge AI, a Scale AI rival that had $1.2B revenue in 2024, is profitable, and is reportedly raising $1B at a $30B valuation (Phoebe Liu/Forbes)

Phoebe Liu / Forbes : A profile of Edwin Chen, the CEO of Surge AI, a Scale AI rival that had $1.2B revenue in 2024, is profitable, and i...

22 January 2025

Sources: ByteDance plans to spend ~$5.5B to acquire AI chips in China in 2025, double the amount spent in 2024, with ~60% going to Chinese suppliers like Huawei (Financial Times)

Financial Times:
Sources: ByteDance plans to spend ~$5.5B to acquire AI chips in China in 2025, double the amount spent in 2024, with ~60% going to Chinese suppliers like Huawei  —  Chinese owner of video app seeks growth from AI as its social media business comes under pressure in US

Posted from: this blog via Microsoft Power Automate.

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