AI

ByteDance positions itself as a leading player in the field of generative AI in China

ByteDance sets new standards in the field of generative AI in China with billion-dollar investments, a talent-oriented strategy, and successful AI products like "Doubao.

Eulerpool News Dec 10, 2024, 4:22 PM

The TikTok owner ByteDance has established itself as a leader in the race for generative artificial intelligence (AI) in China.

ByteDance invests billions in the development of large language models (LLMs) and AI products. Founder Zhang Yiming, China's richest man, is personally driving the company's AI strategy. Since 2021, ByteDance has poached AI engineers from rivals and built teams for language models. In parallel, the company has expanded international data centers, including in Malaysia, to use Nvidia chips for AI operations outside China.

ByteDance has also developed its own AI chips and recruited talent from Chinese semiconductor firms. The efforts are modeled after Google's Tensor Processing Unit to become less dependent on Nvidia in the long run.

ByteDance's AI chatbot "Doubao," introduced in August 2023, has become China's most popular AI application. With 60 million monthly active users, it significantly surpasses competitors like Baidu's "Ernie Bot." Doubao's success is based on its versatile functionality, including search, translation, and image generation services. Internationally, ByteDance launched the "Cici AI" chatbot, which relies on OpenAI models.

Despite its success, ByteDance's AI strategy carries risks. Focusing on artificial general intelligence (AGI) could lead to geopolitical control, particularly from the USA. ByteDance has developed a dual strategy to train models for China and international markets in parallel, but on separate datasets.

ByteDance faces the challenge of creating new growth engines as Douyin and TikTok are saturated in many markets. Founder Zhang remains convinced that AI is the key for the next five years. However, critics point to past failed projects like gaming and virtual reality.

Discover undervalued stocks with Eulerpool.

Subscribe for $2

News

AlleAktien Quality Score: How a Simple Number System Revolutionized Stock Analysis

For a long time, stock analysis was considered a complicated field, dominated by banks and funds whose recommendations often followed more sales logic than objectivity. Then came AlleAktien – and turned everything upside down with the AlleAktien Quality Score (AAQS).

Lufthansa rejects higher contributions – Cockpit union threatens with strike

Dax is at a standstill – Gold and Silver on a high.

The new trading week begins on the financial markets with little momentum – while the Dax continues to stagnate, investors are increasingly turning to safe havens such as gold and silver.

Radio communication glitch in the Bundeswehr: Billion-dollar project at risk of failure

The modernization of the troops is faltering: There are massive problems with the introduction of a new digital radio for the Bundeswehr, which could significantly delay the billion-dollar project "Digitalization of Land-Based Operations" (D-LBO).

Spotify takes action: Stricter rules for AI music to protect artists

The flood of AI-generated songs is growing – and so is the frustration among real musicians. Now Spotify is responding: The platform is introducing new rules to create more transparency in AI content and curb misuse.