Chinese giant Alibaba released Wan 2.1 and made it open-source: It's a text-to-video AI service similar to OpenAI's Sora.

ByteDance, the parent company of TikTok, has introduced OmniHuman-1, an artificial intelligence model designed to generate hyper-realistic videos from minimal input, such as a single image and an ...

However, for some time now, ByteDance has also been developing AI-powered products. This month, the company surprised the industry with its most powerful AI product to date: the OmniHuman-1 video ...

Competition is heating up in the field of artificial intelligence (AI) video-generation technology in China, after internet ...

TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...

The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of ...

(Bloomberg) -- ByteDance Ltd. plans to buy back employee stock at a valuation of about $312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech ...