TikTok’s $300 billion-valued parent company, ByteDance, is one of the world’s busiest AI developers. It plans to spend ...

It was unclear how the 2025 plan compared with prior years as the private company does not disclose financial details. On Tuesday, the Financial Times reported ByteDance planned $12 billion for AI ...

A Perplexity document shared with ByteDance and new investors proposed the creation of a new US holding company called ... would own up to half of the new structure. Perplexity AI – which ...

General Atlantic and Blackrock are among multiple institutional investors that collectively own a 60% chunk of ByteDance. The company says its executives and employees each own 20%. Trump has ...

ByteDance plans to spend 40 billion yuan ($5.50 billion) to acquire AI chips in China in 2025, the report said, adding that the company will invest about $6.8 billion overseas to ramp up its ...

The first proposal, which ByteDance hasn't responded to, sought to create a new structure that would merge San Francisco-based Perplexity with TikTok's U.S. business and include investments from ...

Perplexity AI presented a new proposal to TikTok's parent company ByteDance last week ... The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business.

ByteDance released Doubao-1.5-pro ... [Photo: Dado Ruvic/Illustration/File Photo/REUTERS] The company released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms ...