ByteDance

ByteDance, the parent company of the globally popular app TikTok, has set its valuation at a whopping $300 billion. This marks one of the highest valuations the company has seen to date. What Happened: ByteDance’s valuation was established in a recent share buyback offer. This move indicates...

China’s leading tech firms, Alibaba (NYSE:BABA), ByteDance, and Meituan (OTC:MPNGY) (OTC:MPNGF), are reportedly expanding their AI teams in Silicon Valley. What Happened: These Chinese tech giants have been growing their California-based offices recently, to attract...

The week was buzzing with significant developments in the tech world, with artificial intelligence (AI) at the center of it all. From record-breaking profits driven by AI demand to potential violations of export rules, the tech industry kept us on our toes. Here’s a quick roundup of the top...

Chinese tech giant ByteDance Ltd. has dismissed an intern for allegedly disrupting the training of one of its artificial intelligence models. What Happened: ByteDance, the parent company of popular social media platform TikTok, has reportedly fired an intern for intentionally interfering with the...

Amid the U.S. chip sanctions, Chinese artificial intelligence firms, including 01.ai, Alibaba Group Holding Ltd (NYSE:BABA), and ByteDance, are making strides in reducing AI costs. What Happened: Chinese AI companies, including startups like 01.ai and DeepSeek, and giants like...

Popular social media platform TikTok was aware of the potential harm its algorithm could inflict on minors, according to internal documents that were unintentionally made public. What Happened: The internal documents were exposed during a multi-state investigation into TikTok. Reporters from...

TikTok, owned by ByteDance, is reportedly laying off hundreds of employees, with significant reductions in Malaysia. This move aligns with the company’s strategy to enhance AI-based content moderation. What Happened: Sources cited by Reuters initially reported over 700 job cuts in Malaysia,...

ByteDance, the company behind TikTok, has introduced a powerful web scraper named “Bytespider.” Launched in April, Bytespider is recognized as one of the most aggressive data collectors online, outpacing other major tech firms significantly in terms of data collection speed. What...

ByteDance, the parent company of TikTok, reportedly plans to develop a new AI model using chips from Huawei Technologies. What Happened: The decision comes as U.S. restrictions on advanced AI chip exports, such as those from Nvidia, push ByteDance to seek domestic suppliers. The company has...

ByeDance-owned TikTok, the widely-used social media platform for creating and sharing short-form videos, has encountered a doubtful panel of judges. What Happened: TikTok and a group of creators are contesting a law, often referred to as “the TikTok ban,” in front of a three-judge panel...

In a plot twist worthy of a bingeworthy drama, the so-called demise of Twitter, now rebranded as X, has been significantly overstated. According to the latest data from SimilarWeb, Elon Musk‘s X isn’t just surviving—it’s thriving. The platform saw a dramatic turnaround in user...

ByetDance-owned TikTok has defended itself against the U.S. government’s attempts to enforce a sale or ban of the platform, citing its First Amendment rights. What Happened: TikTok’s legal team has made the First Amendment a central part of their challenge to...

A study by the Network Contagion Research Institute or NCRI in collaboration with Rutgers University suggests that ByteDance-owned social media platform TikTok’s algorithm promotes content favoring the Chinese government. What Happened: Building on the December 2023 finding, the...

ByteDance‘s TikTok, one of the most used social media platforms by teens, is the subject of the latest U.S. Department of Justice (DOJ) lawsuit. What Happened: The DOJ and Federal Trade Commission (FTC) filed the lawsuit on Friday in the U.S. District Court for the Central District of...

The U.S. Justice Department has leveled accusations against TikTok, alleging that the social media platform has been collecting data on its users’ views on sensitive topics such as gun control, abortion, and religion. What Happened: On Friday, making its most forceful case to date, the...