ByteDance has cancelled the release of the next-generation VR headset PICO 5, and will instead launch an updated version of PICO 4 next year.
According to informed sources, ByteDance is considering selling its subsidiary game studio MOONTON Games in order to streamline operations and focus on core business.
On November 7th at 10 am, PICO, the VR business of ByteDance, held a company-wide meeting to officially announce its organizational restructuring plan.
Baidu, ByteDance, and 8 others deploy large-scale models via generative AI for public services.
The first AI conversational app "Dou Bao" and its web version have recently been launched, is the internal codename "Grace" AI project by ByteDance, and currently has functions such as text-based conversation and image-based conversation.
At the beginning of June, ByteDance was internally testing a conversational AI project codenamed Grace. After 2 months of research and development testing, there have been new advancements.
Major Chinese internet companies that have a cloud computing business have placed substantial orders with NVIDIA following this year's Spring Festival.
Amidst a flood of AI products from leading corporations such as Baidu, Huawei, and Alibaba, ByteDance's AI project has also emerged on the surface.
Douyin, the Chinese version of the global short-video app TikTok, is actively expanding its self-operated e-commerce business in preparation for the upcoming "618" shopping festival on June 18th.
On June 2nd, the official Douyin account released the latest regulations on the governance of public welfare content on Douyin.
Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.
On May 9th, Douyin released 11 regulations and industry initiatives regarding AI-generated content on its platform.
It was reported that ByteDance, TikTok's parent company, offered an annual salary of $1.4 million to poach talent of the ChatGPT R&D team from OpenAI.
On April 18th, the Hurun Research Institute published the "2023 Global Unicorn List," which includes non-public companies founded after 2000 and valued at over $1 billion. The valuation calculation for this list was based on data from the end of 2022.
On April 18th, ByteDance's subsidiary, the Volcano Engine, released a series of self-developed cloud products including DPU and launched a new version of its machine learning platform.
On April 13th, ByteDance's Douyin and Sanxingdui Museum officially signed a framework cooperation agreement.
On April 12, PICO, a VR device company under ByteDance, announced that its latest PICO 4 Pro VR all-in-one headset has started pre-sale in the Chinese market.
On April 7th, Bytedance's Douyin announced that it has recently reached cooperation with Tencent Video. The two parties will explore the promotion of long and short video linkage, short video secondary creation and other aspects.
Yang Hongxia, the former leader of Alibaba's M6 model, left her post at the Alibaba DAMO Academy Intelligent Computing Lab in September last year for personal and family reasons, and has now joined ByteDance's AI Lab (Artificial Intelligence Lab) to participate in the R&D of language generation model.
Douyin, the Chinese version of TikTok owned by ByteDance, quietly launched an application called "Qingtao." It is a video platform for young people with a focus on interest and knowledge sharing.