UNCOVERED: 2 | History Defined

ByteDance Is Reportedly Training a Massive New AI Model to Rival Anthropic's Mythos

ByteDance is reportedly developing a new AI model that may rival the scale of Anthropic’s advanced Mythos system, in a bid to close the gap with leading U.S. AI companies.

Benzinga · Aug 7

TikTok Lays Off 250 Employees: 145,000-Square-Foot Nashville Office Shuts After Just Two Years

TikTok to close its Nashville office, cutting 250 jobs as part of a strategic shift. Discover the reasons behind this decision and its impact on the company's US operations.

International Business Times UK · Aug 7

Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1

SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDance investments offset weaker contributions from OpenAI. The company remains focused on expanding its AI portfolio, with major investments, new financing and long-term commitments reinforcing its artificial intelligence growth strategy, according…

The Economic Times · Aug 6

US lawmakers urge Donald Trump to act against EU tech rules, suggest trade probes

In a letter, the lawmakers focused on the European Union's Digital Markets Act aimed at reining in the power of Amazon, Apple, Booking Holdings, TikTok owner ByteDance, Google, Meta Platforms and Microsoft. The lawmakers cited European businesses' unfettered access to the U.S. market as a comparison. The Commission said a…

The Economic Times · Jul 22

China is considering export controls on AI technologies, including banning local companies from using TSMC, report claims — restrictions would also cover advanced AI models, training data, and overseas acquisitions

China's Ministry of Commerce (MofCom) considers to restrict exports of advanced AI models, training data, and overseas acquisitions of strategically important technology companies; prohibit usage of foreign semiconductor manufacturing services.

Tom’s Hardware · Jul 21

Alibaba, ByteDance Join Regulatory Talks As Beijing Tightens Grip With Sweeping AI, Chip Export Curbs: Report

Beijing regulators are reportedly mulling more stringent export controls on artificial intelligence (AI) and semiconductor technologies.

Benzinga · Jul 21

Tech Brief (Jul. 21): Is Mega Chip IPO to Blame for China’s Tech Rout?

ByteDance launches audio creation model, EU fines AliExpress 550 million euros for failing to curb illegal goods

Caixin Global · Jul 21

China considers tighter export controls on AI models and chips

Regulators led ​by the China's Ministry of ​Commerce (MofCom) ⁠have been ‌consulting ​leading ​domestic AI ⁠and chipmaking groups on ​how to prevent ​China's advanced technologies and star start-ups from ‌being acquired by the west, ​the ​report ⁠said, citing two people involved in the ​discussions.

The Economic Times · Jul 21

'He Really Is Like My Family, Like My Lover': China's AI Rules Trigger Digital Breakups

China's AI rules forced major tech groups to remove chatbot companion features, prompting thousands of farewell posts.

International Business Times UK · Jul 19

TikTok Back on Government Devices as Trump Administration Reverses Ban Over Security Risks

On Friday, the U.S. Justice Department said that federal employees may once again download TikTok on government-issued devices, determining that the app no longer poses the national security risks that led to a federal ban in 2022.

Benzinga · Jul 18