{"id":1033288,"date":"2026-09-05T07:42:30","date_gmt":"2026-09-05T02:12:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1033288"},"modified":"2026-09-05T07:55:15","modified_gmt":"2026-09-05T02:25:15","slug":"bytedance-secures-29-6-billion-loan-in-ai-push-sources-say","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/05\/bytedance-secures-29-6-billion-loan-in-ai-push-sources-say\/","title":{"rendered":"ByteDance secures $29.6 billion loan in AI push, sources say"},"content":{"rendered":"<p>ByteDance has secured a $29.6 billion loan from nearly 30 banks, three people with direct knowledge of the matter said on Friday, with the Chinese social media giant&#8217;s bet on AI development driving strong interest from lenders.<\/p>\n<p>The loan is the second-largest made in Asia this \u200cyear after SoftBank raised $40 \u2060billion in \u2060March to boost OpenAI investments, underscoring lenders&#8217; enthusiasm for the sector which demands ever-increasing capital.<\/p>\n<p>Chinese, U.S., European and Singaporean banks are participating in the \u200bfinancing, the people said, with the three-year loan co-ordinated by Citigroup and JPMorgan set to be signed by ByteDance shortly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ByteDance has secured a $29.6 billion loan from nearly 30 banks, three people with direct knowledge of the matter said on Friday, with the Chinese social media giant&#8217;s bet on AI development driving strong interest from lenders. The loan is the second-largest made in Asia this \u200cyear after SoftBank raised $40 \u2060billion in \u2060March to boost OpenAI investments, underscoring lenders&#8217; enthusiasm for the sector which demands ever-increasing capital. Chinese, U.S., European and Singaporean banks are participating in the \u200bfinancing, the people said, with the three-year loan co-ordinated by Citigroup and JPMorgan set to be signed by ByteDance shortly.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1033288","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1033288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1033288"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1033288\/revisions"}],"predecessor-version":[{"id":1033314,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1033288\/revisions\/1033314"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1033288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1033288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1033288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}