FirstFT: ByteDance plans to spend $12bn on AI chips this year

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  TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025

  Chinese owner of video app seeks growth from AI as its social media business comes under pressure in US
  
  Financial Times - 1d

• FirstFT: Germany’s economy contracts for second straight year

  Also in today’s newsletter, South Korea’s impeached president is arrested and powerful Wall Street dealmaker joins OpenAI board
  
  Financial Times - Jan. 15

• FirstFT: Dollar hits 2-year high as interest rate assumptions change

  Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador
  
  Financial Times - Jan. 13

• FirstFT: The hottest year on record

  Also in today’s newsletter, the resurrection of Andersen Consulting, and hiding savings from a significant other
  
  Financial Times - Jan. 10

• Biden administration planning new AI chip export limits that would hit Nvidia, report says

  The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.
  
  MarketWatch - Jan. 9
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  Nvidia founder unveils next generation of AI and gaming chips at CES 2025

  In a packed Las Vegas arena, Nvidia founder Jensen Huang stood on stage and marveled over the crisp real-time computer graphics displayed on the screen behind him.
  
  NBC News - Jan. 7

• FirstFT: US corporate bankruptcies hit 14-year high

  Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps down
  
  Financial Times - Jan. 7

• Nvidia’s stock rallies as AI chip trade reloads for fresh run higher

  Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.
  
  MarketWatch - Jan. 7
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  Qualcomm unveils AI chips for PCs, cars, smart homes and enterprises

  Qualcomm unveiled AI technologies and collaborations for PCs, cars, smart homes and enterprises at CES 2025. At the big tech trade show in Las Vegas, Qualcomm Technologies showed how it’s using AI ...
  
  VentureBeat - Jan. 6

More from Financial Times

• Surge in young people admitted to hospital in England over mental health

  Study finds jump of 65% between 2012-2022 and suggests thousands may not be getting needed specialist care
  
  Financial Times - 1h

• US equities gain as tech stocks add to Trump bump

  Investors pour money into European equities as fears over tariffs eased
  
  Financial Times - 3h

• Polestar seeks new suppliers after US ban on Chinese software in EVs

  Carmaker backed by China’s Geely maintains US growth strategy despite mounting uncertainty
  
  Financial Times - 4h

• Stellantis plans US investments worth more than $5bn

  Proposed spending comes after carmaker’s chair met Donald Trump before his inauguration
  
  Financial Times - 5h

• Trump’s assault on the global corporate tax regime

  President threatens retaliation against ‘discriminatory’ levies on US multinationals
  
  Financial Times - 6h

More in World

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  LGBTQ+ couples in Thailand register their marriages on the first day of law giving them equal status

  Hundreds of LGBTQ+ couples in Thailand are expected to make their wedded status legal on the first day a law takes effect granting them the same rights as heterosexual couples
  
  ABC News - 3m
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  Judges and January 6 police officers denounce Trump pardons for rioters – live updates

  Judge Tanya Chutkan says Trump’s action ‘cannot whitewash the blood, feces, and terror that the mob left in its wake’. House Republicans form new January 6 panel in attempt to undercut past ...
  
  The Guardian - 23m
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  Laken Riley Act passes US House, sending anti-immigrant bill to Trump

  Forty-six Democrats joined Republicans to further bill requiring detention of undocumented immigrants for theft. The US House on Wednesday gave final approval to a bill requiring the detention of ...
  
  The Guardian - 25m
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  The Nigerian family who have spent five decades as volunteer grave-diggers

  Yahoo News - 46m
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  ‘I am so proud’: Joy as Thailand’s same-sex couples can at last get married

  Thailand’s marriage equality laws come into force on Thursday, with hundreds of couples set to tie the knot in mass weddings in Bangkok. Tawach Chaweewong gets goosebumps just thinking about his ...
  
  The Guardian - 1h