[It is planned to purchase AI chips with US $7 billion? ByteDance or lead a new round of capital expenditure wave] According to The Information, ByteDance plans to spend US $7 billion (about 51.1 billion yuan) next year to purchase NVIDIA chips. However, a spokesman for ByteDance said that the information provided in The Information report was "untrue". Nevertheless, the market's high expectations of the demand for ByteDance computing power still exist.