Tag: ByteDance
Drawing the line: Major Hollywood studios threaten legal action against ByteDance over viral AI tool
U.S.A. – Hollywood studios including Warner Bros. Discovery, Paramount, Disney, and most recently Netflix are threatening legal action against ByteDance over its newly released AI video generator, Seedance 2.0, citing concerns over copyright infringement. According to the Los Angeles Times, concerns...
The move marks the most serious action a Hollywood studio has taken so far against ByteDance since it launched its AI video model, Seedance 2.0, on Thursday, Axios reported.
Singapore – ByteDance is in advanced talks to sell its gaming studio, Shanghai Moonton Technology—the developer of the popular mobile game Mobile Legends: Bang Bang—to Saudi Arabia’s Savvy Games Group in a deal potentially valued at $6–$7 billion. According to Reuters, two anonymous sources familiar...
Bangkok, Thailand – Short-form video platform TikTok said it will bar election candidates from monetising their content during the campaign period ahead of Thailand’s 8 February general election. The platform, owned by Chinese company ByteDance, said political content would be ineligible for paid promotion,...
USA – ByteDance-owned TikTok has signed an agreement to divest its US assets and establish a new entity backed by mostly American investors, CEO Shou Chew said in an internal memo seen by media on December 18, as the transaction moves toward completion. According to CNN, the deal, backed by former President...
Indonesia – TikTok Shop, the e-commerce arm of ByteDance Ltd., is cutting several hundred jobs in Indonesia as part of a restructuring effort following its acquisition of Tokopedia’s operations from local tech group GoTo. According to a report from Bloomberg, which cited sources familiar with the matter,...
Sources previously told Reuters that over 700 jobs were cut in Malaysia, though TikTok later clarified that fewer than 500 employees in the country were affected.
China's ByteDance, the parent firm of the social media app TikTok, intends to invest around 10 billion ringgit (US$2.13b) to develop an artificial intelligence (AI) hub in Malaysia. As part of the agreement, ByteDance will also invest 1.5 billion ringgit to develop its data centre facilities in Malaysia's...
The relentless expansion of digital platforms and the ever-evolving landscape of consumer behaviours have escalated the battle for attention, compelling brands to redefine their marketing strategies and carve out distinctive identities.
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