The thing is, ByteDance, TikTok's parent company, owns and operates other apps within the U.S. None of these apps are currently in talks to be banned, but they all should, in theory, have many of the same concerns that caused the government to go after TikTok.
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
The new benefits package includes improved medical insurance, with access to premium medical care in regular public hospitals.
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be
The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the app's global operations, two sources with
Microsoft is in talks to acquire TikTok, according to President Donald Trump. If that rings a bell it’s because Microsoft sought to buy the social media app in 2020, the last time Trump tried to ban the app.
The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.
Perhaps the most appealing option for ByteDance could be if Trump blessed a merger between TikTok and Perplexity AI—a San Francisco-based AI search company worth about $9 billion that appears to ...
TikTok is considering alternative solutions to selling its US business, as owner ByteDance continues the fight to keep its 170 million American users after a reprieve from the Trump administration, a board member of ByteDance was quoted by Chinese magazine Caixin as saying.
16, 2019 in San Francisco. Perplexity AI submitted an offer to ByteDance to merge the company with TikTok and New Capital Partners, in a deal that would allow for most of ByteDance’s investors ...
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.
Marvel Snap, developed by LA-based studio Second Dinner Studios Inc., has returned to the App Store in the US following a brief stint of being removed during the TikTok ban.