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ByteDance’s Video Generation Model PixelDance to be Launched Ahead of OpenAI’s Sora – Pandaily

According to the Chinese media Jiemian, ByteDance will soon launch a video generation model called PixelDance, ahead of Sora. ByteDance has been active in the field of large models. On September 24th, the company simultaneously released two large models, PixelDance and Seaweed, for video generation, and conducted a small-scale invitation test for creators and corporate […]

The fight for AI talent heats up in China

A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and […]

MiniMax’s App Talkie Generates Significant Advertising Revenue – Pandaily

Chinese artificial intelligence startups are trying to enter the US market and achieve rapid revenue growth. Shanghai-based MiniMax has made significant commercial progress in the past year. According to media reports, MiniMax’s revenue this year is expected to reach around $70 million. This is a high forecast for AI startups that have struggled with commercialization. […]

ByteDance founder tops China’s rich list for the first time, beating Tencent and Nongfu heads

Night view of the Lujiazui financial district in downtown Shanghai. Yongyuan Dai | E+ | Getty Images ByteDance founder Zhang Yiming for the first time has emerged as China’s richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years. […]

Intern allegedly sabotages ByteDance AI project, leading to dismissal

ByteDance, the creator of TikTok, recently experienced a security breach involving an intern who allegedly sabotaged AI model training. The incident, reported on WeChat, raised concerns about the company’s security protocols in its AI department. In response, ByteDance clarified that while the intern disrupted AI commercialisation efforts, no online operations or commercial projects were affected. […]