The Latest Breaking News from ByteDance

New reports suggest that China has banned TikTok parent ByteDance from using Nvidia chips in its data centers.

Facing market saturation in short-form video and the threat of TikTok divestiture in the US, ByteDance is going 'all-in' on generative AI.

Omnia, a data center company owned by Brazil’s Patria Investments (NASDAQ:PAX), is reportedly participating in over a $9 billion data center project expected to have TikTok as its primary client.

China has approved TikTok's U.S. transfer agreement, moving the app closer to a new American ownership.

Outcome appears closer to truce than durable peace but outline of broader diplomatic relationship is visible

However, the details of a possible deal are under wraps.

ByteDance, the company behind TikTok, is reportedly creating its own Steam competitor targeted at global markets. Dubbed "GameTop," the new storefront is said to carry social features, AI-assisted creator tools, and the typical publishing/distribution that other stores like Epic Games also have. Recruitment has already begun in China.

OpenSFI unites major chipmakers and cloud firms to standardize firmware-silicon communication, bridging vendors and architectures for global platform efficiency.

The social media platform was previously banned by several parties due to security concerns.