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TikTok Boosts Thailand Investment Plans to $8.8 Billion

Chinese-owned video platform TikTok pledged to spend $8.8 billion building AI data centers across Thailand over the next five years, more than doubling an earlier investment target for the Southeast Asian nation.ByteDance Ltd.’s most valuable service is putting the infrastructure in place to support domestic users, including some 50 million on TikTok alone, Vice President of Public Policy Helena Lersch told Prime Minister Paetongtarn Shinawatra in Bangkok on Friday. She didn’t elaborate on detai...

Read more at bloomberg.com

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