Current employees allege that TikTok will be sending layoff notifications to an unspecified number of staffers late tonight and into Thursday morning. The global user operations team will also be cut.
TikTok will likely lay off around 1,000 people from its global operations team, affecting departments like operations, content and marketing. The ByteDance-owned platform reportedly cut 250 employees in Ireland and this will be the second…
Alibaba slashes prices for its AI services by up to 97%, leading Baidu to offer free Ernie AI-based services; ByteDance priced its services cheaply last week — - Baidu follows suit with free services after Alibaba cuts — Chinese AI players…
Sources: ByteDance acquires Chinese earphone maker Oladance, founded five years ago, for ~$50M, bringing on board seasoned ex-Bose engineers — - Shenzhen-based startup is led by former Bose sound engineers — TikTok owner sees future growth…
Sensor Tower: ByteDance's Doubao AI chatbot iOS app had almost 9M downloads this year through April, vs. 8M for Baidu's Ernie Bot; Doubao has 4M+ MAUs in China — Doubao, the artificial intelligence-powered chatbot released in August,…
How China is using AI news anchors to spread its propaganda on social media; Microsoft: some AI anchors were created using ByteDance's video editing app CapCut — News avatars are proliferating on social media and experts say they will…
As TikTok's future in the US remains murky, dozens of venture capitalist firms have invested millions of dollars from US pensions funds – including those of New York's police officers and firefighters – into the Chinese company that…
Sources: in recent months, China told ByteDance, Tencent, Alibaba, Baidu, and others to cut back on Nvidia purchases in favor of chips made by local companies — Chinese authorities have a message for the local tech industry: Buy Chinese. —…
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value — SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund…
As threatened, TikTok, Inc. and ByteDance, Ltd., the owner of the TikTok app, filed suit against the United States on May 7, 2024, alleging that the Protecting Americans From Foreign Adversary Controlled Applications Act (“the Act”) is…
TikTok vs. US filing: ByteDance founder Zhang Yiming owns a 21% stake in TikTok's parent company, and is living in Singapore while keeping Chinese citizenship — - Zhang has a 21% stake in the world's most valuable startup — Chinese tech…
TikTok and ByteDance go on the attack as it files its lawsuit against the United States. There is no holding back for TikTok and ByteDance as they filed their promised lawsuit against the United States government for the recently approved …