ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this ...
Last Monday, a small, low-profile Chinese AI lab called DeepSeek unveiled a set of artificial intelligence models so ...
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI ...
When Chinese quant hedge fund founder Liang Wenfeng went into AI research, he took 10,000 Nvidia chips and assembled a team ...
This significant investment demonstrates ByteDance's commitment to becoming a major player in the global AI landscape, even ...
An AI lab out of China has ignited panic in Silicon Valley after releasing impressive AI models more cheaply and with ...
ByteDance released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAI’s o1 in AIME. FILE PHOTO: AI (Artificial Intelligence) letters and robot hand are ...
Social-media giant ByteDance, China's most valuable unicorn, on Thursday unveiled its Seed Edge initiative, a long-term ...
The investment highlights ByteDance focus on AI amid ongoing geopolitical tensions and ever-present regulatory scrutiny. ByteDance, the parent company of TikTok, is reportedly gearing up for an ...
TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial ...
ByteDance is set to invest more than 87.2bn yuan ($12bn) in artificial intelligence (AI) infrastructure in 2025, aiming to leverage cutting-edge technology for growth, reported the Financial Times.
Nvidia declined to comment. The spending will help ByteDance defend its AI lead at home. Having begun 2024 as a laggard, it now has over 15 standalone AI applications - more than rivals such as ...