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Capital Today sends ByteDance valuation to $480 valuation after seven-bidder share auction

ByteDance hit a fresh valuation of about $480 billion after a Chinese investment firm grabbed a block of its shares in a heated auction that ran on Wednesday, according to data from Bloomberg. The ...
Forbes

With Trump’s TikTok Ban On Hold, ByteDance Is Quietly Launching AI Apps

Last year, most lawmakers deemed the Chinese tech giant ByteDance a national security risk and banned its apps. Now, under a Trump reprieve, it’s shipping new apps anyway. In 2024, Congress passed a ...
TweakTown

ByteDance's custom chip made by Broadcom has been canceled, Broadcom to lose $2B to $3B

TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...
AOL

China’s ByteDance could be forced to sell TikTok U.S., but its quiet lead in AI will help it survive—and maybe even thrive

Tiktok’s logo was all over the October Asia-Pacific Economic Cooperation summit in South Korea, perhaps the region’s most important diplomatic get-together. Videos touted the social media platform’s ...