ByteDance seeks a record $20bn offshore loan to fund its AI build-out
ByteDance is in preliminary talks with banks about an offshore loan of roughly $20bn, which would be the largest the TikTok owner has ever raised, Bloomberg reported on Wednesday, citing people familiar with the discussions. The company is said to be seeking a facility with a three-year tenor and an option to extend it to […]<br /> This story continues at The Next Web [...]
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ByteDance will reportedly buy NVIDIA's latest AI chips to use outside of China
TikTok's Chinese parent company ByteDance has figured out a way to access NVIDIA's latest AI chips despite export restrictions, according to a report by The Wall Street Journal. The company [...]
ByteDance has reportedly suspended the global rollout of its new AI video generator
A month after Seedance 2.0's launch in China sparked cease-and-desist letters from Disney and Paramount Skydance over its use of copyrighted materials, its developer ByteDance has reportedly hit [...]
What is DeerFlow 2.0 and what should enterprises know about this new, powerful local AI agent orchestrator?
ByteDance, the Chinese tech giant behind TikTok, last month released what may be one of the most ambitious open-source AI agent frameworks to date: DeerFlow 2.0. It's now going viral across the m [...]
ByteDance promises to tighten up its new AI video generator after viral Cruise vs. Pitt clip
ByteDance released Seedance 2.0 less than a week ago and enraged artists everywhere with a viral clip AI-generated clip of Tom Cruise and Brad Pitt fighting. Unsurprisingly, the AI video-making tool h [...]
Trump administration is paying more companies to abandon offshore wind projects
The Trump Administration has signed deals with two major energy companies to abandon their respective offshore wind farms, with both firms agreeing to invest in oil and gas projects instead.<br /&g [...]
TikTok owner ByteDance is reportedly building its own mixed reality goggles
ByteDance, the parent company of TikTok, is reportedly working on mixed reality goggles, The Information reports. The in-development device is designed to layer digital objects over your view of the r [...]