French billionaire Xavier Niel is joining the board of directors of TikTok’s parent, ByteDance, the company told the South China Morning Post. It’s an interesting move as Niel isn’t a name that comes up very often for high-profile board…
Sources: ByteDance is tapping Citigroup, Goldman Sachs, and JPMorgan for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia, excluding Japan — - Loan carries greenshoe option that allows size to increase — Citigroup,…
Coatue founder Philippe Laffont has left the board of ByteDance following a report that Coatue was considering selling a portion of its ByteDance stake — Coatue Management founder Philippe Laffont has left the board of ByteDance, the…
ByteDance’s appeal against a US TikTok ban is underway, and the company has accused the Department of Justice of factual errors in presenting its case – intended to force the sale of the app to an American company.
Mercedes-Benz has struck a partnership with the cloud unit of ByteDance, which owns popular short video apps TikTok and Douyin, for "cooperation and exploration" of large language models (LLMs), generative artificial intelligence (GenAI)…
TikTok has reportedly laid off hundreds of employees in South Africa and Nigeria amid its ongoing restructuring efforts. It is expected that the TikTok layoffs would affect more employees in this quarter of 2024.
Contextual AI makes a tool that accelerates AI model creation. No one knows what the Google guilty verdict will mean. The generative AI text-to-video space is exploding.
A decent chunk of people who use TikTok aren't aware of its editing app called CapCut. CapCut has been growing silently and has become the highest-earning app in the video editing category, leaving Facetune, Picsart and Splice behind.…
Forget AI-generated images: that's so 2023! In 2024, it's all about AI-generated videos! That's why ByteDance, the company behind TikTok, is doubling down on its efforts to stay ahead in the AI race.
ByteDance debuts Jimeng AI, a new app that offers images and videos from text prompts. The latest from TikTok and Douyin-maker, ByteDance, is its foray into generative AI systems with a new app release on mainland China called the Jimeng…
ByteDance debuts AI text-to-video app Jimeng AI on iOS in China, after its July 31 Android release; China's Kuaishou released Kling AI in beta globally in July — ByteDance has expanded its offering of a software that can generate videos…
iPhone maker Apple is adding more pressure on popular Chinese companies Tencent and ByteDance to enable certain changes that would be in its favor. The company wants the apps to get rid of any loopholes that serve as obstacles to Apple’s…