TikTok parent ByteDance said to raise $1.45 billion for #ai and content

ByteDance, the Chinese company behind the immensely popular video app TikTok, is in talks to raise $1.45 billion for a new fund, The Information reported on Friday citing sources. The fresh vehicle will help power artificial intelligence and media content for the $75 billion startup that has leapfrogged Uber’s valuation, the report said. ByteDance declined to comment on the […]

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