ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.

TL;DR: Broadcom's ByteDance AI accelerator project was canceled ... Survey shows 1 in 5 gamers are fed up with AMD and NVIDIA's new GPUs, no longer want to buy one The post continues, explaining ...

His goal is to achieve a 50-50 ownership arrangement between ByteDance and a U.S. company. No definitive deal has been reached yet for the sale of the platform, but we could find out very soon.

That would value ByteDance at $350bn (£272bn) based on previous valuation methods at different share buyback price points, but with it being a private company there is no gold standard for fixing ...

The lawsuit against the ByteDance-owned social media giant reveals it made nearly $2 billion globally in sales from TikTok LIVE during just one quarter of 2023. And Bloomberg reports more than $ ...