ByteDance seeks $20 billion loan for AI infrastructure
ByteDance is in talks with banks for a $20 billion offshore loan to fund its AI expansion.
The loan would be the largest in the company’s history and has a proposed three-year term.
The company is also considering outlays of up to $70 billion this year on data centers and AI infrastructure, with a potential total of $100 billion by 2027.
The proposed loan stands out in a sluggish regional lending market, where syndicated lending has slid to $61 billion year-to-date.