Search Results: ByteDance

ByteDance has finalized a deal to sell a majority stake in TikTok's US operations to investors including Oracle, Silver Lake, and MGX, averting a potential ban. The agreement, closing January 22, includes Oracle licensing TikTok's recommendation algorithm, highlighting unresolved cybersecurity risks. This resolution follows years of U.S. political pressure over data sovereignty fears.

ByteDance, TikTok's parent company, is quietly expanding its AI chatbot Cici across international markets like the UK and Mexico, leveraging OpenAI and Google's models to bypass its own tech. The app has surged in downloads, ranking top in app stores, but faces hurdles from geopolitical tensions and competition. This marks ByteDance's boldest move yet to replicate TikTok's success in the generative AI arena.