OpenAI has suspended TikTok parent ByteDance following a report that the China-owned firm was “secretly” using its “GPT” AI technology to build its own rival chatbot service.

TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight a US ban – despite growing ...

ByteDance (BDNCE) has seen a 63% surge in revenue from international operations to $39B in 2024, The Information reported Wednesday, citing a person with knowledge of the company’s financials.

ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, a significant discount to the $300 billion that TikTok’s owner set during a ...

TikTok’s parent company ByteDance is further scaling back its ambitions in the gaming industry and is in talks to sell game titles to several prospective buyers.

ByteDance behind on AI. ByteDance started 2024 by confronting the hard truth that it had fallen behind rivals in the AI race, Bloomberg reported.At an all-staff meeting, ByteDance co-founder and ...

TikTok maker ByteDance plans to wind down its Nuverse gaming brand and retreat from mainstream video games, four people familiar with the matter said. Skip to main content.

TikTok owner ByteDance has embarked on a new share buyback, coming after revenue in the third quarter of 2023 outpaced competitors. The Chinese company kicked off a new round of share buybacks ...

ByteDance, the Chinese tech giant behind TikTok, is pulling back from video gaming in a shift that will result in hundreds of job cuts. The Beijing-based company will wind down Nuverse, the unit ...

Ahead of this, Insider reported that ByteDance had been paying creators to post about Lemon8 on TikTok to seed its initial U.S. user base and content. From the looks of things, it seemed that ...

ByteDance applied a similar formula to Douyin. Then in 2017, the privately-owned tech company bought a US-based video startup and released TikTok as the overseas version of Douyin.