TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.

ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.

ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, says that's false.

Search engine startup Perplexity AI submitted a bid on Saturday to TikTok's Chinese parent ByteDance for Perplexity to reportedly merge with TikTok.

Perplexity, an artificial intelligence search engine startup, has bid to merge with TikTok U.S. so the platform can avoid being banned in the country.

Meta Platforms stock has had a good start to the year, rising more than 5%, and momentum is looking strong.It could get even better. The social media company is an artificial-intelligence top pick, according to analysts at Jefferies,

ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

With a TikTok ban looming in the United States, Perplexity AI is the latest bidder hoping to give the video app a new corporate home. CNBC first reported

President Donald Trump announced Stargate, a $500 billion investment in AI infrastructure. His attention then turned to TikTok ownership and tariffs.

Social media influencer MrBeast says he'd buy TikTok to keep it from being banned. Elon Musk reportedly is interested in buying the app as well.

President Donald Trump's flurry of day-one actions included a reprieve for TikTok, the creation of a Department of Government Efficiency (DOGE), an order on social media "censorship," a declaration of an energy emergency, and reversal of a Biden order on artificial intelligence.

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