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Tag: ByteDance

ByteDance increases share buyback offer amid TikTok uncertainty
Tech

ByteDance pledges new safeguards against copyright violations on Seedance

ByteDance said on Monday it will introduce safeguards to curb the unauthorised use of intellectual property on its AI video generator, Seedance 2.0, after threats of legal action from United States studios, including Disney. The model, launched last week, has quickly gone viral in China, with clips circulating online such as a fabricated fight between […]

ByteDance increases share buyback offer amid TikTok uncertainty
Tech

Saudi Arabia’s Savvy advances negotiations for ByteDance’s Moonton

Saudi Arabia’s Savvy Games Group is in advanced negotiations to purchase Moonton from China’s ByteDance in a transaction that could value the game developer at roughly $6bn. The deal would rank among the biggest cross-border takeovers of a Chinese gaming company and underscore the Gulf state’s drive to establish a global presence in the video […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
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ByteDance seeks court order to block TikTok divestiture

China-based ByteDance, the parent company of the popular short-video app TikTok, filed an emergency motion with the U.S. Court of Appeals for the District of Columbia on Monday. The motion seeks to temporarily block a law that mandates the company divest TikTok by January 19 or face a potential ban. The motion argues that the […]

ByteDance sues ex-intern $1.1m over alleged AI sabotage
News

ByteDance sources AI chips from Huawei amid US export ban

TikTok’s parent company, ByteDance, is shifting its AI chip sourcing to domestic supplier Huawei Technologies, as U.S. export restrictions push the Chinese tech giant to seek alternatives for advanced hardware. ByteDance plans to develop a new AI model using Huawei’s Ascend 910B chips, Reuters reported. The move comes after the U.S. began restricting the export […]

ByteDance sues ex-intern $1.1m over alleged AI sabotage
News Tech

ByteDance to shut down Nuverse gaming brand

TikTok parent company ByteDance has concluded plans to wind down its Nuverse gaming brand and retreat from mainstream video games. “We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we’ve made the difficult decision to restructure our gaming business,” the spokesperson said. Hundreds of workers […]

Chinese tech giants secure $5bn worth of Nvidia chip orders
Tech

Chinese tech giants secure $5bn worth of Nvidia chip orders

China’s leading internet giants are swiftly securing high-performance Nvidia chips crucial for developing generative artificial intelligence systems. Orders totaling $5 billion have been placed for these chips, as reported by the Financial Times on Wednesday. Companies such as Baidu, ByteDance (owner of TikTok), Tencent, and Alibaba have collectively made orders amounting to $1 billion to […]

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