At least three of Bytedance Ltd.’s major investors have marked up the TikTok-owner’s valuation to more than $400 billion, a sharp rebound for a Chinese social video leader that has been threatened with a US shutdown.
As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more than $300 billion as recently as late last year.
Dr. Wu Yonghui, former Vice President of Google DeepMind, has joined ByteDance as the head of foundational research for its large model team, Seed,
TikTok’s $300 billion-valued parent company, ByteDance, is one of the world’s busiest AI developers. It plans to spend billions of dollars on AI chips this year, while its tec
TikTok-owner Bytedance has demoed a new AI system, OmniHuman-1, that can create eerily realistic videos. According to ByteDance researchers, the model only needs a reference image and audio to generate a clip.
ByteDance, the parent company of TikTok, wants to take a step forward in the field of AI by hiring a veteran Google AI researcher.
Parties interested in buying the popular short-video app TikTok are talking directly with the White House, and not with its Chinese owner ByteDance, Axios reported on Friday.
According to Mark Gurman at Bloomberg, TikTok was first spotted reappearing on the Apple App Store. Users on X chimed in, reporting that the app had returned as early as Wednesday, February 12. Experiences vary as some had more difficulties than others, but it seems more widely available for Apple's iPhones today (Feb 14.)
TikTok, owned by ByteDance, is not publicly traded, limiting direct investment options. Investors can buy shares in KKR or SoftBank, both of which hold ByteDance shares. ByteDance faces regulatory ...
South Korea has accused Chinese AI firm DeepSeek of sharing user data with ByteDance, the China-based parent firm of TikTok. It comes after the country removed DeepSeek from its local Apple and Google app stores over the weekend because of data privacy concerns.
ByteDance-owned apps TikTok and CapCut have returned to mobile app stores. The apps had been removed in the wake of a U.S. ban in January.