Tag: ByteDance

TikTok Offices in Canada Shut Down Over Security Concerns

Leave a Comment / All News, Software / By Giz / ByteDance, TikTok, Canada

Last year, the Canadian government began examining the expansion strategy of ByteDance Ltd., the firm responsible for TikTok, which intended to establish a local branch named "TikTok Technology Canada Inc." Unfortunately, this initiative was halted as the government opted to eliminate TikTok’s business operations in the nation, which also results in the loss of hundreds of […]

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Huawei Chips to Power New AI Model for TikTok’s Parent Company

Leave a Comment / All News, Artificial intelligence / By Giz / ByteDance, Huawei Ascend 910B, AI model development

ByteDance is reportedly developing a new AI model with significant support from Huawei, which may provide the necessary hardware. The parent company of TikTok intends to utilize Huawei’s resources for training and advancing this AI initiative. Here’s what we have gathered so far. ByteDance Seeks Huawei’s Assistance for AI As per a report from Reuters, ByteDance

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TikTok Nears US Ban: Latest Developments

All News, Software / By Giz / ByteDance, TikTok, US House of Representatives

The US House of Representatives has sparked renewed discussion surrounding TikTok by proposing a potential ban or sale of the app. This time, the bill has been linked to a crucial foreign aid package, elevating its importance and possibly expediting the process. Revised Bill Key Points The updated bill mandates ByteDance, TikTok's parent company, to divest

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Coze: ByteDance’s Groundbreaking AI Chatbot Unveiled

All News, Artificial intelligence / By Giz / ByteDance, AI model, Chatbots

ByteDance Takes a Leap Forward in AI with Coze Platform ByteDance, the parent company of popular apps like TikTok and Jinri Toutiao, is making significant strides in the artificial intelligence (AI) space with the launch of its new platform, Coze. This innovative platform aims to revolutionize the creation and deployment of AI chatbots, particularly for businesses

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ByteDance’s Expansion Plans Include Canada, Australia & the US

All News, Computers / By Giz / ByteDance, Tech Expansion, Global Expansion

ByteDance, the company behind the viral sensation TikTok, is embarking on an ambitious expansion plan that includes targeting the tech hubs of Silicon Valley, Canada, and Australia. This move is a clear demonstration of ByteDance's determination to maintain its position as a leader in the highly competitive tech industry. Expanding its physical presence is a key

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Tencent Holdings Surpassed by ByteDance with $110 Billion Soar in 2023

ByteDance Surges Past Tencent with $110B Gain in 2023

All News, Artificial intelligence / By Giz / ByteDance, Soars, Overtaking

2023: A Landmark Year for ByteDance In the year 2023, ByteDance, the corporate entity behind the widely-used TikTok app, achieved a significant milestone. The company’s revenue skyrocketed to an impressive $110 billion, solidifying its stature as a prominent player in the technology sector. This achievement not only underlines ByteDance’s remarkable expansion but also hints at a

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ByteDance Defends Utilization of OpenAI Technology Amidst Fierce AI Market Competition

All News, Artificial intelligence / By Giz / OpenAI, ByteDance, Competitive AI Landscape

ByteDance, the parent company of TikTok, recently found itself at the center of controversy regarding its use of OpenAI's technology. This incident has sparked a discussion about the delicate balance between innovation and ethical practices in the rapidly evolving field of AI development. ByteDance clarified that only a small group of engineers had access to OpenAI's

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ByteDance Makes Changes to Gaming Strategy in Response to Market Challenges

All News, Gaming / By Giz / ByteDance, gaming industry, Chinese gaming sector

ByteDance Shifts Strategy in Gaming Industry ByteDance, the parent company of popular app TikTok, is making a strategic shift in its approach to the gaming industry. As the market becomes increasingly challenging, ByteDance is reducing its workforce in its main gaming unit, which could have a significant impact on numerous projects and potentially reshape the gaming

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Tech titan ByteDance challenges Tencent and Alibaba with impressive Q2 2023 surge.

All News, Computers / By Giz / ByteDance, TikTok, Douyin

In a stunning financial performance for Q2 2023, ByteDance, the parent company of TikTok and Douyin, announced a remarkable $29 billion in revenue. This represents a remarkable 40% year-on-year growth, propelling ByteDance into the coveted top three among China’s Big Tech companies, alongside Tencent and Alibaba. ByteDance’s Impressive Growth ByteDance’s meteoric rise has outpaced industry giants,

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