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 the social media app.
STORY: Alibaba plans to spend big on artificial intelligence.The Chinese e-commerce giant said Monday (Feb 24) it aims to invest at least $52.44 billion dollars into cloud computing and AI infrastructure over the next three years.
As artificial intelligence (AI) technology and products reach a new stage, China's AI race is shifting from competition over products and technology to a contest over platform ecosystems, with tech giants including Tencent and ByteDance rushing to stake their claims,