ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.

TikTok, owned by ByteDance, is on the verge of being banned in the United States. The thing is, the government also went after other ByteDance apps, and there are quite a few of them operating in the U.

DeepSeek is just one of many Chinese companies working on AI to make China the world leader in the field by 2030.

ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital expenditures in 2025, with a substantial portion of the funds being directed toward artificial intelligence,

Founded just 20 months ago in Alibaba’s home city of Hangzhou, DeepSeek has upended the industry with its low-cost, high-performance AI models. The pressure is now on established players like Alibaba,

ByteDance released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAI's o1 in AIME.

ByteDance has launched an artificial intelligence (AI)-powered code editor in competition with American leaders like Cursor and Microsoft's Visual Studio Code, just after US President Donald Trump delayed the enforcement of a law requiring the company to divest TikTok.

Alibaba unveils Qwen 2.5 AI model, claiming it outperforms GPT-4o and DeepSeek-V3 as China’s AI race intensifies.

Hong Kong: The Chinese artificial intelligence firm, DeepSeek, has made waves in the tech world by claiming its new AI model, R1, performs just as well as OpenAI’s offerings. What’s even more astonishing is that R1 achieves this despite using less powerful computer chips and consuming far less energy than its rivals.

Chinese tech giant Alibaba released a new AI model, Qwen 2.5, coinciding with the Lunar New Year. This launch, driven by competition with DeepSeek's s