Byte Dance
Due to its ease of typing and simplicity, people frequently enter “byte dance” into Google search instead of “bytedance”. Whatsoever, here “Veracity Uncovered” declares exclusively and unequivocally that this webpage whenever uses the phrase “Byte Dance” (within double quotes), it will refer to the social content aggregation platform “ByteDance Ltd.”. Website — https://www.bytedance.com/en/.
With a portfolio of more than a dozen services and products, including TikTok, CapCut, TikTok Shop, Pico, Lark, Helo, BytePlus and “Mobile Legends: Bang Bang”, ByteDance has made it simple and enjoyable for consumers to connect with, create, and consume content. Goods and services that are only available in China are Douyin, Fanqie, Xigua, Toutiao, and Feishu.
In November 2017, “Byte Dance” purchased Musical.ly and then merged it with the social media platform TikTok.
Nearly 120 cities throughout the world, including Austin, Barcelona, Berlin, Hong Kong, Dubai, Jakarta, London, New York, Singapore, Paris, Seattle, Seoul, and Tokyo, are home to more than 150,000 “Byte Dance” workers.
“””In a December 2023 company share buyback, “Byte Dance” was reportedly valued at $268 billion””” — as stated over “cnbc.com” under the heading “… ByteDance offers share …”.
“With over 110,000 employees and 1.9 billion monthly active users across 150 countries in 2021, the company generated an astounding $58 billion in revenue. ByteDance’s product teams collaborate with SSP algorithm engineers to optimise their incredibly potent recommendation engines” — as stated in different words at “hbr.org” under the heading “How ByteDance Became …”.
Virtual gifts, in which users buy in-app cash (like coins) to send to their favourite artists or other users they interact with on the platform, are one of TikTok’s main sources of income. Users can express their gratitude or support for content creators by giving them virtual gives in the shape of diamonds, roses, or other digital goods. “””J.P. Morgan was hired by “Byte Dance” in 2022 to expedite such procedures, enhance the sending and receiving of payments, and establish a single, consolidated bank account for the company’s more than a dozen products””” — as mentioned in different words in “forbes.com” under the section titled “… ByteDance Pushes Into Payments …”.
“””Volcano Engine, the newest subsidiary brand of “Byte Dance”, was revealed in 2023. Strong computer capabilities for macromolecular modelling will be offered by Volcano Engine. High-performance, reasonably priced computing and AI model training capabilities are provided by Volcano Engine, cloud technology service provider, to help pharmaceutical companies innovate their new medication research and development. The “Vienna Ab initio Simulation Package (VASP)” programme is used by many of ByteDance’s clients to conduct macromolecular modelling on the Volcano Engine server””” — according to information found on “intel.com” in the file “bytedance-solution-brief.pdf”.
Under the article “ByteDance to launch new social …” “scmp.com” reported — “””“Byte Dance” is growing its footprint on social media in the lifestyle space with Kesong, a new app that is comparable to Xiaohongshu. Kesong aims to replicate Xiaohongshu’s success in influencing consumer behaviour by enabling users to share fashion advice and shopping experiences”””.
“Byte Dance” uses AWS Inferentia to decrease latency, increase throughput, and save up to 60% on inference expenses — pointed out in November 2022. Designed to provide high-performance and affordable inference for a range of “machine learning” models, Amazon Inferentia is a “machine learning” inference chip.
ByteDance released Dou Bao, a generative conversational AI app, in 2023 with the goal of competing with major Chinese businesses in the AI industry, such as Baidu and Alibaba. Dou Bao allows users to have text- and image-based conversations without the need for an invite code.
With the goal of facilitating the composition and editing of music for content creators, in 2023 ByteDance released an innovative app called Ripple. Based on the melody that the user sings, Ripple can produce songs in a variety of genres.
“””2020 saw Microsoft’s attempt to purchase a portion of TikTok’s business collapse as “Byte Dance”, the TikTok’s owner, rejected its deal. Microsoft claimed that in order to protect users’ security, privacy, and online safety, it made substantial changes in proposal; nonetheless, it might possible that these changes been the reason behind the deal’s collapse””” — according to information found on “theverge.com ” under the topic “Microsoft says it’s not …” in other words.
According to Chinese publication Jitwei, “Byte Dance” alone reportedly placed orders for Nvidia GPUs worth around $1 billion in 2023 — a sum that exceeded the orders placed by the Chinese market as a whole in 2022. This includes the A100 and H800 cards from Nvidia, which sell for about $10,000 on average per accelerator. It’s probable that “Byte Dance” makes use of the Nvidia accelerators to further AI research.
“Byte Dance” - Security Concerns -
“””House of Representatives passed the “Protecting Americans from Foreign Adversary Controlled Applications Act” (H.R. 7521) on March 13, 2024. Without a “qualifying divestiture” occurring within 180 days of the bill’s enactment, it would be illegal for any business “to maintain, update, or distribute” a “foreign adversary-controlled application” inside U.S. jurisdiction. The bill names those that are run by “Byte Dance” Ltd. in particular“”” — as mentioned in different words in “crsreports.congress.gov” under the pdf “IN12332”. The “Byte Dance” was apparently requested by the US government earlier in 2023 to sell its stake or risk being banned.
“The TikTok app is not allowed to be present on “information technology” (IT) equipment used by government contractors or contractor workers while they are carrying out their contractual responsibilities, according to an interim rule published by the FAR Council on June 2, 2023, which goes into effect immediately” — as stated in different words at “crowell.com” under the heading “… Successor ByteDance Apps”. FAR stands for Federal Acquisition Regulation.
“””EU organisations forbade their employees from using TikTok on their work phones in February 2023. …. According to a 2021 study conducted by the Citizen Lab at the University of Toronto, the app did not display the “overtly malicious behaviour” that one would anticipate from spyware. ….20% of “Byte Dance” is held by the company’s founders and Chinese investors, 60% is owned by international investors, and 20% is owned by the staff””” — as expressed differently in “politico.eu” under the section titled “… wrong with TikTok?”.
“ByteDance announced in December 2022 that an internal investigation had revealed that staff members had improperly collected the personal information of two reporters as well as other American TikTok users” — as addressed over “nytimes.com” under the title “ByteDance Inquiry Finds …”.
Due to worries about data privacy, national security, or content regulation, TikTok has been subject to bans or limitations in a number of nations. Verifying the existing situation is crucial because these circumstances are subject to sudden changes. Some authorities restricted its usage only on official or government-owned devices. “According to current information as of April 2023, the following nations have seen bans or restrictions on TikTok: AFGHANISTAN, AUSTRALIA, BELGIUM, CANADA, DENMARK, EU, FRANCE, INDIA, LATVIA, NETHERLANDS, NEW ZEALAND, NORWAY, PAKISTAN, TAIWAN, UK, and US” — as expressed differently in “apnews.com” under the section titled “Here are the countries …”.
“””Amid worries over TikTok’s possible prohibition, “Byte Dance” is marketing Lemon8, a new social media app, in the United States. A lifestyle app called Lemon8, which emphasises beauty, wellness, and health, has grown in popularity””” — as expressed differently in “cnbc.com” under the section titled “ByteDance is pushing …”.
“Byte Dance” - Careers -
“””For its “AI for Drug Design” and “AI for Science” teams, the Beijing-based tech titan is seeking American expertise in biological computation, quantum chemistry, molecular dynamics, and physics. “Byte Dance” might be quite helpful for certain research projects. For $1.5 billion in 2022, Amcare Healthcare, a posh healthcare provider, was purchased by Xiaohe Health, a “Byte Dance” healthcare division in China. 2020 saw “Byte Dance” buy Baikemy, a medical encyclopedia that offers professional-generated content (PGC) and is one of China’s top medical information portals””” — as mentioned in different words in “forbes.com” under the section titled “… Chinese parent is beginning to recruit …”.
In China among its peers, “Byte Dance” had the highest demand and the greatest number of job openings for candidates seeking AI throughout the previous three years. According to a report by Maimai in 2023, a career-relevant social network service, the rising demand is primarily driven by growing competition among Chinese Big Tech firms, “Byte Dance”, Alibaba Group Holding, Tencent Holdings, and Huawei Technologies, to launch their large language models (LLMs) along with AI applications. Base pay on TikTok and its owner, ByteDance, ranges from almost $29 per hour to $455,600 annually.
“””People in Brazil were looking for remote transcription employment for TikTok during the economic downturn. The transcription task was easy: Take note of what was said after listening to the audio of the clips on TikTok. “Byte Dance” would use the text transcription to enhance its artificial intelligence skills. “Byte Dance” had not recruited any transcriptionists directly. Rather, intermediaries provided transcribing services on contract””” — according to information found on “theintercept.com” under the topic “BRAZILIAN WORKERS PAID …” in other words.
“Byte Dance” intends to close its flagship brand Nuverse and eliminate hundreds of gaming-related positions, in an attempt to focus on its core businesses. For gamers and developers worldwide, Nuverse is a game development and publishing firm. MOONTON joined Nuverse in 2021. Mobile Legends: Bang Bang is a game created and distributed by MOONTON. Although Nuverse games are free to play, there are usually in-app purchases available for users to purchase virtual items.
“Byte Dance” Apps -
CapCut -
CapCut is a free AI-powered tools platform that allows you to edit videos and images on Windows, Mac, Android, and iOS browsers. Notable features include multi-language transcription, background removal, AI-powered Speech to Text and Text to Speech for voiceovers and subtitles, and a variety of video restyling choices like text overlays, filters, upscaling and music integration. CapCut also provides 1 GB of cloud storage for free.
Douyin -
A well-known short-video app is Douyin, which is commonly referred to as “TikTok” outside of China. Users can make and share short/long films with comedy, lip-syncing, viral challenges, makeup tutorials, food viral and live broadcasting. In addition to social interaction, the app provides a number of other capabilities like shopping, research, ticket purchasing, ride-hailing and payment services.
It sets itself apart from TikTok with its sophisticated facial recognition technology, smooth e-commerce functionalities, and “algorithmic preference for well-established accounts” (platform appears to favor content from established or recognized accounts).
Because it serves a Chinese-speaking customers, Douyin predominantly functions in Chinese.
Toutiao -
Toutiao, a well-known Chinese news and information website, is also referred to as Jinri Toutiao, which means “Today’s Headlines” in Mandarin/Chinese.
Toutiao uses “machine learning algorithms” to personalise information for each user according to their surfing habits and interests. It is a popular site for keeping up with news, entertainment, technology, and other interesting topics since it compiles content from multiple sources, including novels, audio, videos, and other types of media, and delivers it in a personalised feed.
Mobile Legends: Bang Bang -
The well-known “multiplayer online battle arena” (MOBA) game “Mobile Legends: Bang Bang” was created and released by Moonton.
In order to compete against an enemy team, players in the game take control of a character known as a “hero” and form teams with other players. Because every hero is different, players will need to plan ahead and cooperate in order to outwit their rivals. Characters, emotes, cosmetics and skins are the only in-game purchases that generate revenue for the game, which is otherwise free to play.
PICO -
PICO is a well-known “virtual reality” (VR) firm that specialises in all-in-one VR technology. Pico is committed to the development, manufacturing, and marketing of VR all-in-one headsets.
With the help of a suite of software called PICO Connect, users can stream and play SteamVR games, access desktop computers, and watch videos straight from their PCs while wearing “virtual reality” headsets.
That’s all friends.
