ByteDance

ByteDance is a Beijing-based company that operates some of the world’s most popular social media platforms, including TikTok and Douyin. Founded in 2012, the company has quickly grown into one of the largest and most innovative technology firms globally, with a focus on artificial intelligence and machine learning. Notable executives include founder Zhang Yiming, CEO Liang Rubo and TikTok CEO Shou Zi Chew. ByteDance has recently faced scrutiny from governments and competitors over data privacy and national security concerns. Despite these challenges, the company remains a major player in the global technology industry, with a growing footprint in markets around the world.

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Edge Inference Chip Startup SiMa.ai Raising at $1.4 Billion Valuation

By Stephanie Palazzolo and Anissa Gardizy · May 18, 2026 7:00am PDT

Nvidia might be on a tear, but some investors are still convinced that there’s demand for another kind of specialized chips. And they’re putting their money where their mouth is. For example: San Jose, Calif.-based SiMa.ai, which develops chips that work on devices such as drones or cameras, is in talks with investors to raise more than... Nvidia might be on a tear, but some investors are still convinced that there’s demand for another...

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Cerebras IPO Stock Pop; Apple-OpenAI Drama

By Martin Peers · May 14, 2026 5:00pm PDT

This was quite the day. OpenAI is jumping up and down about its unhappiness with Apple (it’s doubtful Tim Cook is shaking in his boots). Big telecom threw down the gauntlet to Elon Musk and Amazon (not that they should worry). We get to both news items lower down. But first…the AI trade on Wall Street is booming, as demonstrated by today's... This was quite the day. OpenAI is jumping up and down about its unhappiness with Apple (it’s...

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AGI Is the Elephant in the Musk v. OpenAI Courtroom

By Rocket Drew · May 14, 2026 7:00am PDT

Lawyers for Elon Musk and OpenAI are set today to deliver closing arguments in their trial, which centers on Musk’s allegations that OpenAI breached a charitable trust, in part by violating its charitable mission. The two sides disagree on almost everything in the case, but one phrase is likely to be mentioned in both speeches: artificial... Lawyers for Elon Musk and OpenAI are set today to deliver closing arguments in their trial, which...

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ByteDance Suspends Launch of Video AI Model After Copyright Disputes With Hollywood

By Juro Osawa and Qianer Liu · Mar 14, 2026 9:00am PDT

ByteDance has put on hold the global launch of its latest video-generation model, Seedance 2.0, due to a string of copyright disputes with major Hollywood studios and streaming platforms, according to two people with direct knowledge of the situation. The TikTok parent released Seedance 2.0 to consumers and businesses in China last month, and... ByteDance has put on hold the global launch of its latest video-generation model, Seedance 2.0,...