Caught between demands from Washington and Beijing, ByteDance has chosen the route of resistance in the US.
The reported cash injection comes as the Chinese tech giant and its rivals double down on overseas markets, even though fast growth is bringing some logistics challenges.
ByteDance’s latest semiconductor-related investment shows the lengths being taken by the company to overcome the impact of tighter US tech sanctions on mainland China.
AIsphere, which has raised more than US$14 million in a round led by venture firm Fortune Capital, launched a beta version of its PixVerse video generator for domestic users on Monday.
Many Chinese netizens on Weibo and former Global Times editor Hu Xijin praised TikTok for urging American users to flood legislators with calls against a new bill.
Chinese state media has voiced support for TikTok, as its owner ByteDance faces pressure to sell the business in the US after a House committee approved two new bills targeting the hit short video app.
GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.
The firm has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from late last year.
American lawmakers’ latest effort is not expected to make progress just like previous attempts amid Beijing’s strong opposition and China’s tech export restrictions.
ByteDance founder Zhang Yiming and other key voices at the company view AI as a battle that it cannot afford to lose, one source says.
The latest job cuts at Daraz come amid ‘unprecedented challenges in the market’, according to acting chief executive James Dong.
The praise heaped on developers Jing Li and Ricky Wang Yu reflects mainland China’s excitement over how Sora further advances artificial intelligence applications.
Savvy merchants are renting out Apple’s Vision Pro headset as Chinese consumers await official release date in country.
An engineer who worked on Google’s VideoPoet video generation technology has joined TikTok owner ByteDance, as Big Tech companies race to advance generative AI tools.
Platforms should send app notifications to remind workers to take a break if they have been working longer than the hours agreed, according to new government guidelines.
The introduction of Sora has forced China’s AI industry to again grapple with how it will catch up to the latest tech in the face of escalating US sanctions.
Tencent and ByteDance each had two apps in the top five, with four of the five being more than a decade old, according to MIIT report on Lunar New Year period usage.
Business leaders say Sora could propel the industry forward but expressed concern that US sanctions could prevent China from keeping up.
Hypothetical images generated by a start-up using Midjourney show visible damage on some of the world’s most recognisable monuments to raise awareness
Tencent is working with the Ministry of Culture and Tourism to use digital technology to renew traditional Chinese opera, starting with the story of legendary heroine Hua Mulan.
China’s central bank on Friday published recent fines on six credit ratings firms, including the China unit of S&P Global, for violating rules.
ByteDance’s launch of chat bot development tool Coze comes as Beijing-based firm accelerates its AI drive amid ChatGPT frenzy.
At a staff meeting, Liang said internal discussions of the OpenAI chatbot, which launched in November 2022, only emerged in 2023.
The spat between TikTok and UMG over licensing could see popular artists like Taylor Swift removed from the short-video platform.
Chief executive Liang Rubo said ByteDance has become slow and inefficient in the face of increased competition.
The project from the Chinese version of TikTok will kick off with Chow’s show in May, followed by content involving other ‘outstanding young creators’.
Beijing is pushing a ‘whole-of-the-nation’ approach to focus resources on tech breakthroughs in key areas amid rising pressure from the US.
Police have cracked down on Apple ID loan schemes, where interest rates can be crippling compared with more affordable loans from banks.
SoftBank expects to book US$8.5 billion, about 425 times the value of its initial Alibaba investment, for its 2024 financial year after divesting more than 500 million shares in the e-commerce giant.
Popular multiplayer online battle arena game Mobile Legends: Bang Bang, developed by ByteDance-owned studio Moonton, will be the first competitive title in the upcoming Esports World Cup in Riyadh.