“ByteDance, the Beijing-based parent company of video sharing app TikTok has started selling TikTok’s AI to other companies, the Financial Times reports (may require subscription). The company has a new division called BytePlus, and according to its website, its client list already includes US fashion app Goat, Singapore travel site WeGo, Indonesian shopping app Chilibeli,…
Tag: ByteDance
1 big thing: The world is catching up on AI
“Last year for the first time ever, the U.S. share of global artificial intelligence startup funding deals fell to less than half the world’s total. The U.S. was home to nearly 75% of all deals in 2013, data shows, but is fast losing share in the startup market — a key driver of innovation. The…