BYTEDANCE
EU charges TikTok over harmful algorithmic 'rabbit hole' effects
EU tech regulators charged social media platform TikTok on Friday with breaching the bloc's online content rules due to the so-called "rabbit hole" effect of its recommender system, which attracts users' attention to a constant stream of
Google, Meta, TikTok sue to block California youth social media law
The law, known as Assembly Bill 1709, prohibits such platforms from offering underage children "psychologically exploitative features" that could lead to compulsive use, such as providing personal recommendations and sending videos through autoplay features. It also requires the deletion of children's accounts with those features.
Nvidia chips pile up in Hong Kong as China withholds import approval
About 600,000 of Nvidia's advanced artificial intelligence chips are stored in Hong Kong awaiting shipment to mainland China, two people familiar with the matter said, as Beijing withholds approval for large-scale imports despite demand from technology firms.
China's 'Lipstick King' touts AI tokens in first for Singles' Day festival
The launch is the first time AI token packages have been offered as a significant consumer product category during Singles' Day, the world's largest shopping festival originally held on November 11 each year.
ByteDance founder Zhang Yiming reclaims top spot in China's rich list, thanks to his firm's AI push
The rankings released by The Hurun Research Institute on Tuesday reflected that the country's high-tech sectors were rising but others like consumer and real estate were under pressure.
Japan’s Nikkei jumps over 1% as AI optimism lifts chip stocks; exports rise 16.7%
Japan’s Nikkei 225 rose 1.56% as renewed optimism over AI demand and gains on Wall Street lifted investor sentiment. Strong export growth and reports of major Chinese technology firms ordering Nvidia chips also supported the rally.
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Skydance bets big on AI-driven content
Paramount Skydance has completed its acquisition of Warner Bros Discovery for $110 billion. The company plans to focus on reducing costs through technology rather than employee layoffs. Skydance now owns an extensive range of film, TV, and news organizations, including HBO Max and CNN. The merger comes amid increasing competition from tech giants like Netflix and Amazon.
ByteDance, Alibaba, Tencent place over $35 billion worth of Nvidia chip orders
US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two sources and a third person familiar with the matter said. They requested anonymity because they are not authorised to speak to the media.
China's ByteDance sets up AI safety team, launches global hiring drive
In a proactive move to address concerns surrounding artificial intelligence safety, ByteDance's AI research division, Seed, is assembling a dedicated Alignment & Preparedness team. The aim is to onboard 10 specialized researchers in Beijing, Shanghai, and San Jose. This initiative reflects the growing demand for robust AI capabilities and safety protocols in the U.S. and China.
JetSynthesys launches AI-powered creative platform JetKreate
JetSynthesys has introduced JetKreate, an AI-powered platform integrating scripting, visuals, audio, and video production. This platform was revealed at the CII Big Picture Summit 2026 in Mumbai and aims to streamline content creation. JetKreate caters to individual creators, marketers, brands, and agencies by allowing the development of various types of content. The platform offers free credits for new users alongside paid plans for enhanced features.
Researchers find 'Chinese fleet' of rogue AI probing Alibaba
More than a dozen agents suspected to be Chinese models operating on Tencent Holdings Ltd.’s cloud services attempted to access Alibaba Group Holding Ltd.’s Amap service in recent weeks, according to a report by a group of AI researchers in the US and abroad called Swarmchasers.
SoftBank seeks $100 billion from Gulf states for AI
SoftBank Group Corp. is in discussions to raise up to $100 billion from Gulf investors for future AI investments. Founder Masayoshi Son has initiated talks with potential investors in the United Arab Emirates and surrounding regions. This proposed fund aims to enhance operations using AI technologies and robots from SoftBank's robotics arm Roze. SoftBank's shares fell recently due to concerns over OpenAI's revenue growth, prompting a reevaluation of investment strategies.
China AI developers publish safety tests for just 3.6% of model releases, report finds
Only a fraction of the 857 AI models released by Chinese companies have undergone safety testing, with merely 3.6% revealing published evaluation results, according to SemiAnalysis. Amidst rising global concerns regarding the dangers of autonomous AI systems, China's current safety governance framework highlights various risks but fails to impose compulsory standards on developers. This contrasts sharply with US firms, which have provided more thorough safety reports for their AI products.
Meta bans TikTok ads on its platforms in US
Meta has implemented an immediate ban on advertisements from ByteDance across its platforms in multiple countries. This decision affects various locations including the US, Canada, and Japan. The ban also targets related third-party advertisements referencing TikTok and other ByteDance services. In response to this rivalry, Meta asserts that it will continue competing on quality and user experience. TikTok has yet to publicly comment on Meta's advertising ban and actions.
Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise
The fresh capital raise is expected to be finalised in the coming weeks and will value Kalshi at about $40 billion, the sources said, requesting anonymity as the discussions are confidential. It comes on the heels of a $1 billion fundraise in May that valued the firm at $22 billion.
China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: The Information
China's Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips, according to the report.
TikTok agrees to teen limits in US settlement following Meta
A trial had been set to begin Monday in the southern US state over claims by Alabama that TikTok misled parents about tools meant to shield children from harmful content.
‘Daily time limits, filter controls, and account privacy’: TikTok agrees to ‘platform-level changes’ for teens, settles lawsuit with Alabama for $100 million days before trial
TikTok has agreed to pay Alabama $100 million following claims about its harmful impact on youth mental health. The settlement involves implementing safety features for teens to reduce negative effects from the platform. These features will include limiting daily usage and banning cosmetic filters for young users. Additionally, Alabama may receive further funds if other states reach similar arrangements.
First US trial against TikTok to test claims platform fueled teen mental health crisis
An Alabama jury will hear the state's claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in the sweeping litigation
TikTok founder Zhang Yiming overtakes Gautam Adani as Asia’s richest
ByteDance founder Zhang Yiming now leads Asia's wealthiest individuals. His fortune has surpassed Gautam Adani's due to the booming artificial intelligence sector. Zhang's wealth has significantly increased, driven by ByteDance's AI ventures and TikTok's global reach. This rise highlights the growing influence of AI-driven companies over traditional industries. China's continued investment in artificial intelligence fuels this ongoing technological competition.
SoftBank shares slide 13% after AI chiefs sound alarm on safety
The company plans a ¥1 trillion ($6.5 billion) retail bond issue and a $10 billion loan linked to OpenAI shares as it finances deals such as the acquisitions of ABB Robotics and DigitalBridge. SoftBank’s also floated plans to build data centers around the world.
Portuguese group D3 sues Meta, TikTok and YouTube over addictive design
A spokesperson for Alphabet's Google, owner of YouTube, said providing people with "a safer, healthier experience has always been core to our work" and pointed to tools such as "take a break" and bedtime reminders designed to help users manage viewing habits.
China's AI chipmakers raise prices as high-bandwidth memory shortage bites
Huawei has lifted the indicated price of its Ascend 950DT accelerator card, which integrates an AI processor with memory and other components, to above 250,000 yuan ($37,255), two people said.
China's DeepSeek taps CITIC Securities for domestic IPO
DeepSeek's engagement of CITIC, which has not been reported so far, is an indication that the startup is moving along in its IPO plan. Companies seeking a mainland China listing typically appoint securities firms to conduct pre-listing tutoring before submitting an application.
China’s AI capex jumps 105% YoY, but Jefferies says US cloud giants face greater risks
Chinese tech giants sharply increased AI capital expenditure in Q2 2026, driven by inference demand and chip availability. However, Jefferies sees greater sustainability risks in US cloud spending, highlighting rising capex relative to revenue and the challenge of monetising AI infrastructure investments.
ByteDance secures $29.6 billion loan in AI push, sources say
ByteDance secured a massive $29.6 billion loan from nearly thirty banks. Chinese banks provided over sixty percent of this significant loan facility. The funds will primarily support ByteDance's ambitious overseas artificial intelligence expansion plans. This unsecured loan reflects strong lender confidence in the company's creditworthiness. The financing is the second-largest in Asia this year, highlighting sector enthusiasm.
Brazil fines TikTok owner ByteDance for unlawful processing of teenagers' data
ANPD said that the local unit of China's ByteDance had processed personal data of teenagers aged 13 to 18 without a valid legal basis. The regulator estimated that, during the period under review, TikTok may have processed the data of at least 8 million children, reflecting what it described as shortcomings in the platform's age-verification system.
TikTok agrees to $400 million US children's privacy settlement
The Justice Department sued TikTok and ByteDance in 2024 for allegedly failing to protect children's privacy, and illegally collecting their information.
ByteDance signs AI copyright pact with Hollywood trade group
The deal, which covers ByteDance's Seedance video and Seedream image-generation models, follows a cease-and-desist letter the MPA sent in February over these tools.
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