Bytedance Archives - Page 3 of 33

ByteDance’s New Commercial Adjustment: Dongchedi Becomes An Independent Company

ByteDance is currently relocating Dongchedi employees to a newly established wholly-owned subsidiary.

ByteDance Launches Offline Service “Dongdong Car Care”

Under the ByteDance umbrella, Dongchedi has launched an offline car maintenance service called "Dongdong Car Care" in collaboration with authorized stores.

ByteDance Clarifies Use of OpenAI Services Amidst Violation Allegations

ByteDance emphasized their commitment to adhere to OpenAI's terms of use and are in communication with OpenAI to clarify any misunderstandings.

ByteDance Cancelled the Release of VR Product PICO 5

ByteDance has cancelled the release of the next-generation VR headset PICO 5, and will instead launch an updated version of PICO 4 next year.

ByteDance Is Considering Selling A Game Studio Valued at ＄4 Billion

According to informed sources, ByteDance is considering selling its subsidiary game studio MOONTON Games in order to streamline operations and focus on core business.

ByteDance’s PICO Announces Lay-off Plans

On November 7th at 10 am, PICO, the VR business of ByteDance, held a company-wide meeting to officially announce its organizational restructuring plan.

China Approves the First Batch of Generative Artificial Intelligence Services for Public Rollout

Baidu, ByteDance, and 8 others deploy large-scale models via generative AI for public services.

ByteDance Launches Its First Large-scale AI Conversation Product “Dou Bao”

The first AI conversational app "Dou Bao" and its web version have recently been launched, is the internal codename "Grace" AI project by ByteDance, and currently has functions such as text-based conversation and image-based conversation.

ByteDance’s AI Chatbot Product Grace Enters Internal Testing

At the beginning of June, ByteDance was internally testing a conversational AI project codenamed Grace. After 2 months of research and development testing, there have been new advancements.

ByteDance and Alibaba Place Massive GPU Orders with NVIDIA, Fueling the AI Race

Major Chinese internet companies that have a cloud computing business have placed substantial orders with NVIDIA following this year's Spring Festival.

ByteDance Tests AI Chatbot Product “Grace”

Amidst a flood of AI products from leading corporations such as Baidu, Huawei, and Alibaba, ByteDance's AI project has also emerged on the surface.

ByteDance’s Douyin Is Expanding Self-operated e-commerce Business

Douyin, the Chinese version of the global short-video app TikTok, is actively expanding its self-operated e-commerce business in preparation for the upcoming "618" shopping festival on June 18th.

ByteDance’s Douyin Releases Rules that Prohibit Public Welfare Accounts from Participating in Live Streaming Tipping

On June 2nd, the official Douyin account released the latest regulations on the governance of public welfare content on Douyin.

ByteDance Founder Establishes Personal Investment Fund in Hong Kong

Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.

ByteDance’s Douyin Releases 11 Regulations about AIGC on Its Platform

On May 9th, Douyin released 11 regulations and industry initiatives regarding AI-generated content on its platform.

ByteDance Refutes Offering $1.4M Annual Salary to Poach OpenAI Talent

It was reported that ByteDance, TikTok's parent company, offered an annual salary of $1.4 million to poach talent of the ChatGPT R&D team from OpenAI.

2023 Hurun Global Unicorn List: ByteDance, Shein and Ant Group Among the Top

On April 18th, the Hurun Research Institute published the "2023 Global Unicorn List," which includes non-public companies founded after 2000 and valued at over $1 billion. The valuation calculation for this list was based on data from the end of 2022.