ByteDance, the proprietor of TikTok and its Chinese language sibling Douyin, is doubling down on its investments in generative synthetic intelligence (GenAI), in keeping with the corporate’s chief govt.
ByteDance CEO Liang Rubo, in outlining his goals for the fourth quarter, stated the corporate would “preserve increasing [its] benefit in present key [GenAI] functions” and “reinforce a number of vertical fields”, in keeping with a memo circulated internally and seen by staff who spoke to the South China Morning Submit.
ByteDance declined to remark when reached on Thursday.
The Beijing-based firm operates the Doubao AI chatbot in China and its abroad equal, known as Cici, in addition to a number of AI-powered video instruments together with Sora rival Jimeng AI, video fashions PixelDance and Seaweed, and video editor Jianying, marketed as CapCut abroad.
Nonetheless, ByteDance noticed AI chatbots as a slower development alternative and as an alternative has prioritised AI video mills, in keeping with an article in native media 36Kr on Wednesday.
That is even though Doubao has emerged as the preferred AI chatbot in China, with practically 60 million month-to-month energetic customers (MAUs), changing into the second-most common globally when it comes to MAUs after OpenAI’s ChatGPT, in keeping with a November rating by Aicpb.com, an internet site that tracks the recognition of world AI merchandise.