China’s ByteDance in race with US rivals to drive artificial general intelligence
The Chinese unicorn’s Seed Edge programme reflects its aggressive investment strategy, as other major tech firms push their ...
TikTok parent ByteDance sets aside $12B to spend on AI chips this year - FT
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
Mint13d
China signals it is open to a deal keeping TikTok in US
TikTok’s founder, Zhang Yiming, has one connection that could ... Zhang has a 21% equity stake in TikTok’s Beijing-based parent, ByteDance, and majority control over the company through ...
TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...
Reuters18d
Billionaire McCourt open to keeping original investors in any TikTok deal
The involvement of ByteDance founder Zhang Yiming would be subject to approval by the Committee on Foreign Investment in the United States. ByteDance did not immediately respond to a request for ...
Yahoo Finance18d
Billionaire McCourt open to keeping original investors in any TikTok deal
The involvement of ByteDance founder Zhang Yiming would be subject to approval by the Committee on Foreign Investment in the United States. ByteDance did not immediately respond to a request for ...
China Signals It Is Open to a Deal Keeping TikTok in U.S.
TikTok’s founder, Zhang Yiming, has one connection that could help smooth the ... Zhang has a 21% equity stake in TikTok’s ...
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TikTok’s Founder Has a Formula for Everything. Can It Crack the Supreme Court?
SINGAPORE—Zhang Yiming chose a college by calculating which ... from his stake in TikTok’s Beijing-based parent company, ByteDance, which also operates hit Chinese apps. He is ByteDance ...