ByteDance, the parent company of TikTok, has confirmed layoffs at its Indonesian unit to optimise operations, following its acquisition of a majority stake in the Indonesian e-commerce giant Tokopedia.
TikTok parent ByteDance will lay off staff at its Indonesian e-commerce unit to cut costs in the wake of a deal that let the video-sharing app reopen its online shop in the Southeast Asian country.
ByteDance, the parent company of TikTok, is investing US$2.13 billion to establish a regional AI hub in Malaysia, further boosting the country's digital economy.
Chinese tech giant ByteDance, known for TikTok, has been avoiding US sanctions on Nvidia’s advanced AI chips. The US government restricts direct sales of these chips to China due to national security concerns. However, ByteDance has found…
Sources: ByteDance has been renting Nvidia's GPUs from Oracle to bypass US sanctions; China Telecom and other Chinese companies also tried to use the loophole — The U.S. government forbids Nvidia from selling some of its most advanced…
Amid ongoing legal battles with the U.S. government, ByteDance Ltd., the parent company of TikTok, has appointed John Rogovin, former top lawyer at Warner Bros. Discovery Inc., as its new global general counsel.
ByteDance hires a new global general counsel, John Rogovin, who spent 12 years as Warner Bros.' top lawyer and worked in the US FCC and DOJ — - Former Warner Bros. lawyer John Rogovin takes top legal job — TikTok sued the US in May over…
Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance — TikTok is working on a clone of its recommendation algorithm for its 170 million…
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…