The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with the plans, which would double the amount it spent last year. The group also ...

SpaceX's valuation is around $350 billion after the Elon Musk-owned company agreed to buy back $1.25 billion worth of stock at $185 a share in December. ByteDance, the parent company of TikTok ...

A major shareholder of ByteDance, the Beijing-based owner of TikTok, said Wednesday he was confident that a deal will be reached to ensure the video-sharing app stays online in the US — and ...

U.S. search engine startup Perplexity AI submitted a bid on Saturday to TikTok's Chinese parent ByteDance for Perplexity to merge with TikTok U.S., a source familiar with the company's plans ...

Elon Musk has no interest in purchasing TikTok’s American business from Chinese company ByteDance according to new public comments. In a recently released video interview at the WELT Economic ...

The developments in AI reasoning by ByteDance, DeepSeek and others is likely to challenge the market share of OpenAI and other large language models in terms of both performance metrics and fees ...

Researchers at ByteDance, TikTok's parent company, showcased an AI model designed to generate full-body deepfake videos from one image and audio — and the results are scarily impressive.

TikTok was banned and restored within the same weekend. Find out what other apps owned by ByteDance, are in limbo below. Why Was TikTok Banned in the U.S.? TikTok was banned in the U.S. due to ...