Investors have marked up ByteDance in recent months despite a US edict forcing a sale or blockade of TikTok.. Read more at straitstimes.com.
A major UK investigation has been launched on how TikTok uses the data it collects on children to power its algorithms. Here's what to know.
Hong Kong said on Wednesday that it is setting aside $127.67 million to create an artificial intelligence research institute that will conduct research and development.
The trust and safety team is tasked with content moderation and other user safety features, and the layoffs will impact staff in the U.S., Europe and the Asia-Pacific region, according to two of the sources, though the scale of the cuts was not clear.
TikTok and ByteDance are still opposed to a sale and are in talks with the Trump administration on a deal that would allow U.S. backers to own a larger share of the company, one person said. The talks are being spearheaded by U.S. Vice President JD Vance and national security advisor Mike Waltz, the person added.
Instagram is reportedly considering launching its short-form video feature, Reels, as a separate app as the future of Chinese-owned TikTok remains uncertain in the US.
That Shou Zi Chew's net worth places him among millionaire CEOs is not a surprise. He has played notable roles in finance and technology since he left UCL.
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