TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...
China's ByteDance in race with US rivals to drive artificial general intelligence
Social-media giant ByteDance, China's most valuable unicorn, on Thursday unveiled its Seed Edge initiative, a long-term ...
Who could buy TikTok before Sunday? What to know after Supreme Court upholds ban
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the ...
U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner
While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...
The Associated Press on MSN8d
After Trump Reprieve, What Comes Next for TikTok?
ByteDance employees and the company’s founder, Zhang Yiming, also each have a 20% stake. The technology company has not ...
TikTok's fate remains unclear. Here's who wants to purchase the social media platform
President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.
Can TikTok be saved? A look at potential buyers and a possible merger amid pending ban
Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a ...
TechNode8d
ByteDance plans to invest $12 billion on AI chips this year
According to the Financial Times, ByteDance is planning to invest over $12 billion in artificial intelligence infrastructure ...
The rise — and potential fall — of TikTok in the US
Challenges came in tandem with TikTok’s success. U.S. officials expressed concerns about the company’s roots and ownership, ...
Yahoo News UK7d
Who owns Tiktok and what must they do to avoid US ban?
ByteDance's global revenue grew to $110 billion (£89 billion) last year, a rise of 30%. ByteDance founder Zhang Yiming, who stepped aside as chief executive in 2021, is China's richest person. Trump ...
scmp.com6d
China’s ByteDance in race with US rivals to drive artificial general intelligence
Founded by entrepreneur Zhang Yiming in 2012, ByteDance is set to invest 4.5 billion yuan (US$615 million) in a new computing centre in Datong, a city in northern Shanxi province, as part of ...