ByteDance Financial News

15.08 / 01:37

markets UPS Racing ByteDance country Videos ET Explained: AI race in focus as ByteDance hits play on AI video creator

ByteDance last week launched a new text-to-video generative AI app called Jimeng AI, said to be a rival to OpenAI’s Sora which is yet to be made publicly available. ET takes a close look at Jimeng and other Chinese GenAI models, and their place in the global AI race. What does Jimeng AI do? Jimeng AI was developed by ByteDance-owned Faceu Technology and can generate images or videos from text prompts. It is available on both Android and Apple’s App Stores, but only in China.

02.08 / 21:15

Platform ByteDance TikTok Justice information Department Courts Justice Department sues TikTok, accusing the company of illegally collecting children's data

The Justice Department sued TikTok on Friday, accusing the company of violating children’s online privacy law and running afoul of a settlement it had reached with another federal agency

02.08 / 19:22

UPS Platform ByteDance TikTok Justice social information US sues TikTok over 'massive-scale' privacy violations of kids under 13

TikTok and parent company ByteDance for failing to protect children's privacy on the social media app as the Biden administration continues its crackdown on the social media site. The government said TikTok violated the Children's Online Privacy Protection Act that requires services aimed at children to obtain parental consent to collect personal information from users under age 13. The Chinese-owned short-video platform boasts around 170 million U.S. users, and is currently fighting a new law that would force ByteDance to divest TikTok's U.S. assets by Jan. 19 or face a ban.

29.07 / 15:45

ByteDance TikTok Justice social information Department Courts Justice Department says TikTok collected US user views on issues like abortion and gun control

In a fresh broadside against one of the world’s most popular technology companies, the Justice Department has accused TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abo...

17.07 / 22:47

markets Digital Platform ByteDance TikTok Courts Videos European Union court says TikTok owner can't avoid bloc's law cracking down on digital giants

TikTok owner ByteDance can’t avoid the bloc’s crackdown on digital giants, a European Union court says

13.07 / 09:05

BLOCK Google ByteDance reports prevention Schools Features ET Explainer: Cloudflare's new tool aims to block AI bots from scraping website content

Cloudflare last week launched a new tool to tackle artificial intelligence (AI) bots that crawl websites and scrape their content indiscriminately. It comes at a time when content publishers are increasingly anxious about their unique works being turned into fodder for AI models. Here’s a closer look at the tool and why it matters.

29.06 / 04:03

markets Google ByteDance exclusive information Schools Investigations AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs

Microsoft's partnership with OpenAI could face an EU antitrust investigation as regulators singled out their exclusivity clauses while Google's artificial intelligence deal with Samsung also triggered scrutiny. EU antitrust regulators will seek additional third-party views, EU competition chief Margrethe Vestager said on Friday.

27.06 / 17:03

Digital Platform security ByteDance TikTok Freedom rights Free speech and digital rights groups argue TikTok law would infringe on the First Amendment

A group of nonprofits argued in a legal filing that the federal law requiring TikTok’s parent company to sell the platform, or face a ban, is an unconstitutional measure that restricts speech and makes it impossible for users to associate on the app

21.06 / 17:53

ByteDance TikTok Justice social Department Schools Investigations US lawsuit against TikTok to focus on childrens' privacy

U.S. Department of Justice plans to focus an upcoming lawsuit against TikTok on allegations that the popular social media platform violated the privacy rights of children, rather than claims it misled adult users about its data privacy practices, according to a source familiar with the matter. The U.S. Federal Trade Commission investigated the potential violations by TikTok and its parent company ByteDance and referred the case to the Justice Department on Tuesday.

21.06 / 00:29

Provident Platform security ByteDance TikTok Justice Department TikTok accuses federal agency of 'political demagoguery' in legal challenge against potential US ban

TikTok on Thursday disclosed a letter the company sent to the government in April accusing the federal agency that once held the platform’s future in its hands of “political demagoguery.”

20.06 / 20:15

ByteDance TikTok show exclusive singer Department Features Ahead of Taylor Swift Eras Tour's London shows, TikTok reveals this new interactive feature

TikTok is currently rooting for Taylor Swift's new Eras Tour shows, the upcoming one being held in London. Now, they have unveiled a very interactive feature on Taylor Swift which is a first-of-its-kind, focused on her massively popular Eras Tour shows.

19.06 / 11:09

ByteDance TikTok Trade Justice information Department Investigations Federal Trade Commission refers complaint about TikTok's adherence to child privacy law to the DOJ

The Federal Trade Commission has referred a complaint against TikTok and its Beijing-based parent company to the Department of Justice

03.06 / 12:11

Platform Fighting ByteDance TikTok President love Videos Trump joins TikTok and calls it 'an honor.' As president he once tried to ban the video-sharing app

Donald Trump has joined TikTok, the video-sharing app he once tried to ban as president

02.06 / 12:09

Platform Fighting ByteDance TikTok President Schools Videos Donald Trump joins the TikTok video platform he once sought to ban

presidential candidate Donald Trump has joined TikTok, the short video social media platform that is owned by China-based tech giant ByteDance and that he tried to ban as president, ahead of the U.S. elections in November.

31.05 / 02:03

Reuters ByteDance TikTok Bill recommendations Courts International TikTok preparing a US copy of the app's core algorithm

TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it, according to sources with direct knowledge of the efforts. The work on splitting the source code ordered by TikTok's Chinese parent ByteDance late last year predated a bill to force a sale of TikTok's U.S. operations that began gaining steam in Congress this year. The bill was signed into law in April.

24.05 / 16:49

Platform Election ByteDance TikTok community country Videos TikTok rolls out new rules to limit the reach of state-affiliated media accounts on its platform

TikTok said Thursday its putting in place new rules to limit the reach of state-affiliated media accounts

16.05 / 09:13

UPS Platform ByteDance TikTok Bill Videos Time for TikTok to cut its ties to China

Editor’s note (March 13th 2024): This piece has been updated. TikTok’s videos keep its users up late into the evening. Now the app’s links to China are causing politicians to lose sleep, too. On March 13th America’s House of Representatives passed a bill that would force TikTok’s Chinese owner, ByteDance, to sell the app to an owner of another nationality, or else face a ban in America.

15.05 / 20:54

Platform ByteDance TikTok wellness show social Courts TikTok content creators sue the US government over law that could ban the popular platform

Eight TikTok content creators have sued the U.S. over the new federal law that would could ban the social media platform nationwide

15.05 / 20:53

BLOCK Digital Platform security ByteDance TikTok recommendations Billionaire Frank McCourt says he's putting together a consortium to buy TikTok

Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business

15.05 / 19:03

Platform security ByteDance TikTok President Diversity Videos Realty mogul Frank McCourt plans bid for TikTok in US

Frank McCourt, a real estate mogul with ambitions to improve the web, on Wednesday said he plans to build a consortium to bid for short-form video platform TikTok's US business. McCourt, a former owner of the Los Angeles Dodgers and executive chairman of investment firm McCourt Global, is an unlikely contender for the ByteDance Ltd-owned app. TikTok's US assets were valued at $35 billion to $40 billion by Bloomberg Intelligence analysts.

08.05 / 21:59

Platform security ByteDance TikTok Universities information Courts TikTok sues US to block law that could ban the social media platform

TikTok and its Chinese parent company, ByteDance, are suing the U.S. government over a law that would ban the popular video-sharing app unless it’s sold to an approved buyer

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