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A congressional aide told Reuters on Monday that lawmakers plan to scrutinize the latest deal when it is made public to see if it complies with the law
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TikTok’s parent company, ByteDance, has launched its new AI image generation tool named Seedream 4.0, and it’s all set to take on the Nano Banana rage. Seedream 4.0 can produce ultra-sharp 2K-resolution images in under two seconds, promising stronger creative applications.
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The ByteDance co-founder agreed to an over 10 million yuan ($1.4 million) annual salary to poach a top AI engineer from a rival company.
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ByteDance told its US-based employees that it is offering $189.90 per share, the people said. The price marks an increase of 11% from the per share price of $171 in their share buyback program from a year ago and $181 from six months ago
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From Visa's planned layoffs to the EU's increased tariffs on Chinese electric vehicles and ByteDance's surge in revenue, here’s a look at recent business developments
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Zhang, 41, who stepped down as chief executive of ByteDance in 2021, becomes the 18th individual to be crowned China’s richest person in the 26 years since the Hurun China Rich List was first published.
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The job cuts occur as global technology firms face greater regulatory pressure in Malaysia, where the government has asked social media operators to apply for an operating licence by January as part of an effort to combat cyber offences.
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ByteDance's planned $9.5 billion loan would be the biggest dollar-denominated corporate facility in Asia ex-Japan
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TikTok Lite has a "Reward Programme" that allows users to earn points while performing certain tasks on the platform such as watching videos, liking content, following creators or inviting friends to join
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TikTok and parent company ByteDance and a group of TikTok creators have filed suits to block the law that could ban the app used by 170 million Americans.
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The company last year faced fines from the European Union and U.K. over its handling of children’s data
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The EU's General Court rejected ByteDance's legal challenge against being classed as an online "gatekeeper" that has to comply with extra obligations under the 27-nation bloc's Digital Markets Act
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From OpenAI co-founder Ilya Sutskever starting another AI firm to Nvidia shares falling causing Microsoft to become the world's most valuable company again, here's a look at recent business developments around the world.
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From Skydance Media's new offer for Paramount Global, and TikTok's plans to clone its recommendation algorithm, to US PCE data sparking hopes of a September rate cut, here's a look at some of the major developments from across the world.
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From Reddit's first quarterly earnings since its IPO to TikTok and its owner Bytedance filing a lawsuit against US legislation, here's a look at some of the major developments across the world of business.
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The White House has said it wants to see Chinese-based ownership ended on national security grounds but not a ban on TikTok.
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From China's new regulations to TikTok's troubles in the US — here are some of the major developments from across the world
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US President Joe Biden on April 24 signed into law a bill that bans TikTok in the country if its owner, ByteDance, fails to divest the popular short video app over the next nine months to a year.
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The Biden administration has pointed to wins with China, with Blinken highlighting efforts by China to curb precursor chemicals to fentanyl, the painkiller behind an epidemic in the United States
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U.S. lawmakers have initiated a showdown with TikTok's Chinese owner, ByteDance, demanding divestment by mid-January or risking a ban. However, according to sources, ByteDance may opt to shut down TikTok in the U.S. instead of selling it. Watch!
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The Information earlier reported that ByteDance is exploring scenarios for selling TikTok's U.S. business without the algorithm that recommends videos to TikTok users
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ByteDance’s TikTok recently bought a controlling stake in GoTo’s e-commerce entity Tokopedia, which runs its major backend operations from India. Given the Chinese investor’s troubled history with local authorities, the Indonesian consumer tech giant is now worried about the business operations of its entity on Indian soil.
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The bill faces a more uncertain path in the Senate where some favor a different approach to regulating foreign-owned apps posing security concerns.
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The measure is also the latest in a series of moves in Washington to respond to U.S. national security concerns about China, from connected vehicles to advanced artificial intelligence chips to cranes at US ports.
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Even a brief shutdown of TikTok would be cataclysmic to its value. There is strong loyalty toward TikTok from its user base, which runs to 170 million in the US alone. For years, China has blocked American tech companies from having access to its citizens. The US is under no obligation to allow China access to Americans, particularly amid heightened tensions and attendant fears of disinformation and manipulation
