ByteDance, the Chinese tech giant behind TikTok, has allocated over 150 billion yuan ($20.64 billion) for capital expenditure this year, with a significant focus on AI, according to sources familiar with the matter. About half of the investment will support overseas AI infrastructure, including data centres and networking equipment. Beneficiaries of this spending are expected to include chipmakers Huawei, Cambricon, and US supplier Nvidia, although ByteDance has denied the accuracy of the claims.
The investment aims to solidify ByteDance’s AI leadership in China, where it has launched over 15 standalone AI applications, such as the popular chatbot Doubao, which boasts 75 million monthly active users. Its international counterparts include apps like Cici and Dreamina, reflecting ByteDance’s strategy to adapt its AI offerings globally. The company also recently updated its flagship AI model, Doubao, to rival reasoning models like those developed by Microsoft-backed OpenAI.
ByteDance’s international spending aligns with its efforts to expand AI capabilities abroad amid challenges like the uncertain future of TikTok in the United States. While ByteDance’s $20 billion plan is substantial, it remains modest compared to the AI investments of US tech giants like Google and Microsoft, which spent $50 billion and $55.7 billion respectively on AI infrastructure in the past year. The spending will also bolster ByteDance’s partnerships with suppliers such as Nvidia, from which it has procured custom AI chips tailored to China despite US export restrictions.
Gloucestershire is poised to benefit significantly from the UK government’s push to expand AI development. Prime Minister Rishi Sunak’s AI Opportunities Action Plan, backed by leading tech firms pledging £14 billion in funding, is expected to create over 13,000 jobs and stimulate economic growth. The county, home to the government intelligence hub GCHQ, is uniquely positioned to leverage this investment, with major developments like Cheltenham’s Golden Valley cyber park and the Minster Exchange project at the forefront of the initiative.
Local experts and educators are optimistic about Gloucestershire’s role in AI advancement. Neil Smith, Managing Director of Reform IT, highlighted the region’s potential to develop talent and establish itself as a centre of excellence for AI development. Institutions such as the University of Gloucestershire and Berkeley Green UTC are already offering specialist courses in AI and cyber security. Gareth Lister, an educator, emphasised the need to integrate AI programming, cloud computing, and cybersecurity more prominently into school curriculums to prepare young people for emerging opportunities.
Dr Will Sayers, head of the University of Gloucestershire’s School for Computing, believes the county’s well-established cyber industry is a significant advantage. He pointed to the potential for local companies to form partnerships and capitalise on the government’s AI investment. With the growing focus on developing skilled talent and fostering innovation, Gloucestershire is on track to become a key player in the UK’s AI and cyber sectors.
Researchers from Scotland are developing an AI tool that could enable high-street opticians to detect early signs of dementia using retinal photographs. By analysing nearly a million eye scans, the NeurEYE team, led by the University of Edinburgh, has created an algorithm capable of assessing the health of blood vessels in the retina, which can reveal signs of neurodegenerative diseases such as Alzheimer’s long before symptoms arise. This innovation could revolutionise early diagnosis, offering patients and their families valuable time to prepare and adapt.
The retina’s blood vessels are small and fine, making them ideal indicators of health issues, including conditions affecting the brain. Professor Baljean Dhillon of the University of Edinburgh highlighted the retina’s potential as a “biological barometer” for brain health, accessible through simple, inexpensive eye examination equipment. The research team hopes to roll out a prototype later this year, with plans for wider implementation in 2026, allowing opticians nationwide to integrate this tool into routine eye tests.
Early diagnosis of dementia can significantly improve patient care and family preparedness. Retired engineer David Steele, whose mother’s Alzheimer’s was detected too late, believes such technology could have spared his family years of struggle. Specialist optometrist Ian Cameron also emphasised the importance of regular eye tests, noting that advancements in eye care can lead to earlier detection of various conditions, from diabetes to neurological disorders, ultimately improving overall health outcomes.
MTN, China Telecom, and Huawei have partnered to launch Africa’s largest 5G-enabled smart mine in Northern Cape, South Africa. That initiative marks a milestone in the continent’s mining sector, leveraging a state-of-the-art 5G private network to revolutionise operations.
The network provides ultra-reliable, high-speed connectivity for applications such as personnel surveillance, vehicle tracking, and unmanned trucks, significantly improving productivity, workplace safety, and operational efficiency. Additionally, the project promotes greener mining practices by optimising energy consumption and resource management, aligning with global sustainability goals.
The collaboration also demonstrates the potential of 5G to drive industrial transformation and positions the mine as a leader in sustainable mining while contributing to Africa’s broader digital transformation. The success of this initiative stems from the expertise of the three industry leaders.
Huawei delivered a tailored 5G private network, MTN provided robust infrastructure and network integration expertise, and China Telecom contributed its global knowledge in system integration and innovative digital solutions. Beyond mining, MTN is rapidly expanding its 5G private network business across sectors such as oil and gas, ports, manufacturing, and education, as well as extending its 5G presence to countries like Nigeria, Zambia, Côte d’Ivoire, and Cameroon.
President Donald Trump unveiled a $500 billion private-sector initiative on Tuesday aimed at transforming AI infrastructure in the US. The joint venture, called Stargate, brings together OpenAI, SoftBank, and Oracle to build 20 massive data centres and create over 100,000 jobs. Backers have committed $100 billion for immediate deployment, with the remainder spread over the next four years.
The announcement, made at the White House with SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison in attendance, underscores America’s push to lead in AI development. Ellison revealed that the first data centres, each half a million square feet, are already under construction in Texas. These facilities aim to power advanced AI applications, including analysing electronic health records to assist doctors.
Trump attributed the project’s launch to his leadership, with executives expressing their support. “We wouldn’t have decided to do this unless you won,” Son said. However, the ambitious project arrives amid concerns over the rising energy demands of AI data centres. Trump promised to simplify energy production for these facilities, even as experts warn of potential power shortfalls across the country in the coming decade.
The announcement comes against a backdrop of surging AI investments since OpenAI’s release of ChatGPT in 2022, which sparked widespread adoption of AI across industries. Oracle and other tech stocks, including Nvidia and Dell, climbed on the news, reflecting market enthusiasm for the Stargate project.
The International Telecommunication Union (ITU) has launched the AI Skills Coalition, a global initiative backed by 27 organisations, including Amazon Web Services, Microsoft, and Cognizant, to bridge the AI skills gap in developing countries. The coalition will provide accessible education and capacity-building in areas like generative AI, machine learning, and AI for sustainable development through a new online platform set to launch in March 2025.
The platform will offer free resources such as self-paced courses, webinars, in-person workshops, hybrid programs, and a comprehensive digital library of AI materials. In collaboration with the United Nations Development Programme (UNDP), the coalition will leverage UNDP’s global presence to ensure an inclusive, global approach to AI training, extending beyond the efforts of companies like Google, AWS, and Microsoft.
The initiative will also focus on underrepresented groups, including women, youth, and persons with disabilities, aiming to foster diversity in AI development. Specialised training programs for government officials will address AI governance, ethics, and policymaking, tailored to the needs of developing countries and least developed countries (LDCs).
The AI Skills Coalition’s efforts to deliver AI education and capacity-building aim to ensure that the benefits of AI are shared more equitably, addressing global inequalities in AI knowledge. By equipping the future workforce with critical skills and empowering policymakers to harness AI responsibly, the coalition seeks to support sustainable development and help countries navigate the unique challenges they face in the AI era.
Oracle shares soared by nearly 9% in Frankfurt on Wednesday following an announcement from former US President Donald Trump about a groundbreaking AI initiative. Oracle, in collaboration with OpenAI and SoftBank, is set to establish a joint venture called Stargate, aiming to revolutionise AI infrastructure.
The ambitious project will see a staggering $500 billion investment, as revealed during Trump’s remarks at the White House the day before. The collaboration highlights the growing significance of AI and signals major players pooling resources to drive technological advancements in this domain.
Investor excitement around Stargate boosted Oracle’s stock performance significantly. After regular trading closed on Tuesday with a 7% rise, the company’s shares climbed an additional 3% in after-hours trading, reflecting strong market optimism.
SoftBank CEO Masayoshi Son’s decision to partner with OpenAI and Oracle on a $500 billion AI venture, Stargate, showcases his bold, headline-grabbing approach to dealing with the Trump administration. The project, announced at the White House alongside President Donald Trump, promises to build AI infrastructure in the US and marks a significant part of Son’s earlier $100 billion investment pledge. SoftBank shares surged 11% following the news, reflecting investor confidence in the group’s aggressive strategy.
However, analysts argue that Son’s methods, rooted in rapid decision-making and high-risk bets, are difficult for traditional Japanese corporations to replicate. Japan Inc’s emphasis on long-term planning contrasts sharply with Son’s willingness to embrace Trump’s pro-investment stance to navigate potential tariffs and trade pressures. The reluctance of other Japanese executives to engage directly with Trump highlights a broader struggle to adapt in a politically charged environment.
Son’s flashy investments draw comparisons to his previous $50 billion pledge during Trump’s first term and underscore his vision for AI as a transformative technology. While his moves are reestablishing SoftBank as a global player after setbacks like WeWork’s collapse, questions remain about how the Stargate project will be funded and whether traditional Japanese companies can adapt their strategies to find similar success in Trump’s America.
Microsoft announced changes to its longstanding agreement with OpenAI following the AI leader’s new partnership with Oracle and SoftBank on a $500 billion AI data centre project, Stargate. The joint venture, unveiled by President Donald Trump at the White House, aims to solidify US leadership in AI, leveraging Nvidia chips and other cutting-edge technologies.
While Microsoft retains exclusive rights to OpenAI’s APIs, the amendments now allow OpenAI to build additional capacity outside of Microsoft’s infrastructure. This paves the way for Oracle’s involvement in Stargate, which will operate as a separate entity with governance rights shared among founding members and external investors like UAE’s MGX. SoftBank CEO Masayoshi Son will chair the venture’s board.
Despite this shift, Microsoft remains a central technology partner, continuing to benefit from revenue-sharing agreements with OpenAI and maintaining exclusivity over key offerings through its Azure cloud service. “The key elements of our partnership remain intact through 2030,” Microsoft said, reaffirming its commitment to OpenAI’s long-term growth.
Oracle and OpenAI have not commented on Microsoft’s statements, but the partnership underscores the strategic realignments shaping the future of AI infrastructure in the US.
Samsung and LG Electronics may shift some home appliance production from Mexico to the United States, according to a South Korean news report. The potential move follows former President Donald Trump’s announcement of possible 25% tariffs on imports from Canada and Mexico, set to take effect on February 1.
Samsung is reportedly considering relocating dryer production to its South Carolina plant, while LG may move refrigerator production to its Tennessee factory, which already produces washing machines and dryers. Both companies are evaluating their operations as they adapt to market changes and trade policies.
In statements, Samsung emphasised its flexible global production strategy, while LG highlighted its commitment to adjusting production systems to meet market demands. These considerations reflect broader shifts in manufacturing strategies due to trade uncertainties.
