ByteDance makes new move in AI business

ByteDance is making a new move in its AI business, according to a report from Beijing News. The company is restructuring its AI operations to strengthen its position in the competitive AI market. ByteDance is doubling down on its own large language models, particularly the Doubao model, which is one of the most popular AI chatbots in China. The restructuring involves consolidating its AI research and product teams to accelerate development. This move comes as ByteDance faces increasing competition from other Chinese tech giants like Alibaba and Baidu in the AI space.