ByteDance plans $20 billion capex in 2025, mostly on AI, sources sayByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure s...
ByteDance plans new AI model trained with Huawei chipsByteDance, TikTok's parent company, plans to develop an AI model using Huawei chips due to U.S. export restrictions on advanced AI chips. B...
ETtech Explained: AI race in focus as ByteDance hits play on AI video creatorByteDance introduced Jimeng AI, a text-to-video generative app, limited to China. The app, developed by Faceu Technology, allows users to c...
IT offshoring reversal; Ola Electric, Oyo financialsHappy Independence Day! IT offshoring, which is aimed at cost optimisation, is reversing. Details on this and more in today’s ETtech Mornin...
ByteDance joins OpenAI's Sora rivals with AI video app launchSince Microsoft-backed OpenAI unveiled in February its text-to-video model Sora, which is not open for public use yet, Chinese companies ha...