Even as the US has banned the sale of Nvidia’s most advanced AI chips to China, trying to keep them out of Chinese companies’ hands, TikTok-parent ByteDance has reportedly have found a way around that. According to a report by The Wall Street Journal, the internet giant is quietly assembling a massive network of high-end…
ByteDance’s Doubao AI chatbot (Source: Shutterstock) ByteDance’s AI chatbot Doubao drew more than 100 million daily active users (DAU) during China’s Lunar New Year holiday, emerging as the clear winner in a fierce user-acquisition battle among the country’s biggest tech firms, according to private survey data. Doubao surpassed 100 million DAUs on February 16, roughly…
ByteDance is reportedly developing an AI chip. This will position the parent company of the popular short-video app TikTok to compete with Nvidia in the AI-processor market. According to a report by the news agency Reuters, the Chinese tech giant has entered talks with Samsung Electronics to manufacture the AI chip. The partnership comes as…
Yan Junjie, chief executive officer of MiniMax Group Inc., right, and Yun Yeyi, chief operating officer, during the company’s listing ceremony at the Hong Kong Stock Exchange on Jan. 9. MiniMax, one of China’s largest generative AI startups, rose in Hong Kong after an IPO that raised $619 million and minted Yan as a new…
China’s Spring Festival has emerged as a high-stakes arena for artificial intelligence and robotics companies, with tech giants Tencent Holdings and Baidu committing a combined 1.5 billion yuan (US$215 million) to their digital red packet campaigns. Chinese social media and gaming giant Tencent announced on Sunday that its AI chatbot app Yuanbao would give away…
ByteDance may not allow all American TikTok employees to join the newly proposed US-based entity. Instead, the social media company is reportedly planning to split its US employees between two different corporate units. A report citing the company’s internal memos claimed that a portion of TikTok’s US workforce will join a new joint venture called…
CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion) from an initial public offering in Shanghai to fund technology upgrades, as Beijing presses ahead with its drive for tech self-reliance amid geopolitical tensions. The Shanghai Stock Exchange received CXMT’s application for a listing on…
Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well…
The Chinese commerce ministry’s latest remarks on the TikTok deal in the US signalled acceptance rather than approval, as Beijing “hopes” the arrangement will comply with Chinese laws and strike a balance between rival interests, analysts say. The Chinese Ministry of Commerce, which oversees trade and export controls, declared its position a week after TikTok…
TikTok may have dodged a US ban but there still seem some unresolved issues about its algorithm. Recently, TikTok CEO Shou Zi Chew announced that the company had signed binding agreements to spin its US operations into a new joint venture with American investors set to close on January 22, taking a major step toward…