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TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure.
The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are built to run AI models at low cost, according to three people with knowledge of the project. ByteDance, which is one of China’s AI leaders, is also working closely with InnoStar Semiconductor on how to integrate that Chinese startup
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn’t ruled out spinning out or restructuring the unit as a wholly-owned subsidiary, which could make it easier to sell, or creating a joint venture with other partners, according to three people with direct knowledge of the discussions. Microsoft doesn’t have any imminent restructuring plans, but those options are on the table, the people said. While Xbox CEO... Read more ›
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Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed them to adopt AI tools in their work. The company is building an internal platform to track employee AI usage and spending in real time, set budgets and establish limits on employees’ token spend, according to... Read more ›
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18.06.2026 16:28
Last update: 16:20 EDT.
News rating updated: 23:21.
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