Social-media giant ByteDance is seeking to leverage the popularity of its domestic short video app, Douyin, to widen the usage of the company's artificial intelligence (AI) chatbot Doubao. TikTok sibling Douyin - which had 880 million monthly active users in January,
ByteDance, TikTok and Share Buyback
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TikTok Parent ByteDance’s Valuation Jumps to $315B in Latest Share Buyback
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Exclusive-TikTok parent ByteDance valuation rises in latest share buyback, sources say
ByteDance Elevates Employee Share Buyback Valuation to $315 Billion
ByteDance, the parent company of TikTok, has initiated a new share buyback program for its U.S.-based employees, offering $189.90 per share. This marks an 11% increase from the previous buyback prices of $171 and $181 per share.
DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple
Korean media reports that TikTok parent company ByteDance has had its deal with Broadcom canceled, new 5nm AI accelerator deal could be finished.
ByteDance is set to undergo a restructuring of its artificial intelligence (AI) department, poaching an expert from Google to help its overhaul.
ByteDance officially launched the Chinese version of Trae, China’s first AI-native integrated development environment (AI IDE), on March 3, according to
Chatbot applications like ChatGPT and DeepSeek have already reached a high penetration rate across different industries.
The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of the social media app.
Cao Dapeng, former head of PopAI at 01.AI, has been named mobile product leader for ByteDance’s AI-generated video platform Jimeng, Chinese media outlet
The stock market has cooled off just a bit in the past few weeks after its torrid pace over the past two years, but it is still solidly in bull market territory. If this bull market is to continue, AI will likely play a role.
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