TikTok to Invest $37B+ Into Brazil Data Center

Moore Threads Technology Co., a prominent Chinese AI chipmaker, commenced trading on the Shanghai stock exchange, marking the second-largest initial public offering (IPO) in China this year. This significant event underscores the growing interest and investment in the AI sector within the country.

Meta has announced plans to significantly cut resources allocated to its metaverse project, a shift from CEO Mark Zuckerberg's earlier vision of the metaverse as the company's future direction. This decision reflects a reevaluation of priorities amid financial pressures and scrutiny regarding the project's viability.

Brazil's largest utility is actively exploring power supply options for a $50 billion data center project aimed at establishing Rio de Janeiro as a leader in artificial intelligence within Latin America. This initiative is backed by Goldman Sachs, highlighting the growing interest in the region's tech infrastructure.

ByteDance and DeepSeek, two prominent players in China's artificial intelligence sector, are pursuing markedly different strategies, highlighting the divergent paths within the industry. While ByteDance focuses on leveraging AI for content creation and user engagement, DeepSeek is emphasizing open-source AI models, such as its recent release that rivals GPT-5.

Cambricon Technologies has announced plans to more than triple its production of AI chips by 2026, aiming to capture market share from Huawei Technologies in China and to fill the gap left by Nvidia's exit from the market. This strategic move comes as the company seeks to enhance its domestic AI chip manufacturing capabilities amid increasing competition.

TikTok has introduced a new feature called the 'Nearby Feed' that allows users in select countries to discover local content more easily. This addition complements TikTok's existing recommendation algorithm, enhancing the relevance of content displayed to users based on their geographical location.

Jensen Huang, CEO of Nvidia, expressed skepticism about whether China would still desire the company's advanced H200 AI chips, even if U.S. export restrictions were relaxed. This statement reflects the complex dynamics between the U.S. and China regarding technology and trade.

The European Union (EU) plans to initiate a formal bidding process for its AI gigafactories in early 2026, aiming to conclude it by summer 2026. This move is part of the EU's strategy to enhance its competitiveness in the artificial intelligence sector, where it has been trailing behind the United States in terms of innovation and funding.