Apple is in early-stage talks with Tencent Holdings and ByteDance in a bid to introduce its Apple Intelligence to mainland China, where the smartphone maker is required to partner with a local AI model provider, Reuters reported on Thursday. Apple has faced a slow process in trying to bring its new AI features to mainland … Read more
A private investment fund created last year by billionaire Zhang Yiming – founder of TikTok’s Chinese parent company ByteDance – has received a licence from Hong Kong’s securities regulator to conduct asset management, paving the way for the young entrepreneur to use Hong Kong as a base to manage his wealth. The Securities and Futures … Read more
TikTok parent ByteDance is adding video-generation ability to its ChatGPT alternative Doubao, as the short-video giant doubles down on a potential blockbuster in China’s fast-growing generative artificial intelligence (AI) market. The Doubao chatbot – powered by its namesake large language model (LLM), the same underlying technology behind ChatGPT – has started testing a new video … Read more
Time Magazine has ranked China’s internet watchdog head and the chairman of TikTok owner ByteDance among the 100 most influential people working in artificial intelligence for their impact on the sector in the world’s second-largest economy. Zhuang Rongwen, director of the Cyberspace Administration of China, made the second annual Time 100 AI list as one … Read more
ByteDance, whose short video hit TikTok is under pressure to exit the US market, said Philippe Laffont, founder of New York-based Coatue Management, has exited the company’s board of directors, replaced by French businessman Xavier Niel. The Chinese company’s official website currently lists four other board members: CEO and chairman Liang Rubo, Susquehanna International Group … Read more
The billionaire co-founders of TikTok owner ByteDance, Zhang Yiming and Liang Rubo, have made a joint donation to their alma mater Nankai University, in a rare public move by the young entrepreneurs who have kept a low profile in recent years. Zhang and Liang, both alumni from the class of 2001, jointly donated 200 million … Read more
TikTok is cutting hundreds of jobs at its operations and marketing departments, according to two people familiar with the matter, in line with efforts by parent company ByteDance since late 2022 to restructure its businesses. The lay-offs, which were announced internally earlier this week, are expected to affect an undisclosed portion of the roughly 1,000 … Read more
Beijing-based ByteDance’s website listed more than 320 GenAI-related job openings as of Tuesday, up from 307 vacancies posted a month earlier, according to a search conducted by the South China Morning Post. A specific search for jobs in the development of large language models (LLMs) – the technology used to train ChatGPT and similar GenAI … Read more
ByteDance is “secretly” working on multiple AI products, including text-to-image and text-to-video technology, according to a report on Wednesday by Chinese media outlet Jiemian. The team responsible for video-editing app CapCut, managed by Kelly Zhang Nan – former CEO of the Douyin unit, which oversees TikTok’s Chinese version – is also working confidentially on AI … Read more
The chief executive of ByteDance, owner of TikTok and its mainland sibling Douyin, berated employees for “not being sensitive enough” to the emergence of new technologies such as ChatGPT. In an internal meeting on Tuesday, CEO Liang Rubo said staff only began discussing ChatGPT in 2023, according to excerpts of his speech published by ByteDance … Read more
