ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.
Lifehacker on MSN13h
All the Apps ByteDance Operates in the USTikTok, owned by ByteDance, is on the verge of being banned in the United States. The thing is, the government also went after other ByteDance apps, and there are quite a few of them operating in the U.
Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app stares down a national ban, according to multiple reports. Under the new proposal, the US government would own up to half of the company after a future initial public offering, a source familiar with the matter told CNBC.
ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital expenditures in 2025, with a substantial portion of the funds being directed toward artificial intelligence,
ByteDance released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAI's o1 in AIME.
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A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a new U.S. holding company, “NewCo.”
ByteDance has launched an artificial intelligence (AI)-powered code editor in competition with American leaders like Cursor and Microsoft's Visual Studio Code, just after US President Donald Trump delayed the enforcement of a law requiring the company to divest TikTok.
AI, Alibaba
· 19h · on MSN
Alibaba unveils Qwen 2.5 AI model, says it outperforms GPT-4o and DeepSeek-V3
Alibaba releases updated AI model that “surpasses DeepSeek”
Alibaba Touts New AI Model Superior to DeepSeek’s and Meta’s
Alibaba Group Holding Ltd. published benchmark scores and touted what it called world-leading performance with its new artificial intelligence model release.
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, accordin
Founded just 20 months ago in Alibaba’s home city of Hangzhou, DeepSeek has upended the industry with its low-cost, high-performance AI models. The pressure is now on established players like Alibaba,
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