An internal memo says its algorithm will be retrained on US user data after the deal closes in January.

TikTok’s Chinese parent ByteDance has signed binding deals to sell over 80% of the app’s US business to American and global investors, paving the way for a new US-based joint venture and ending years of uncertainty.

To keep its advantage in the AI race, ByteDance needs access to powerful AI chips. Media reports claim ByteDance is the largest purchaser of Nvidia chips inside China and that it has explored designing its own processors. It’s also investing in data centers in regions like Latin America and Southeast Asia.

Hawaii sues ByteDance, claiming TikTok was designed to be dangerously addictive for young users through manipulative features.

ByteDance, TikTok's owner, has reached an agreement with major investors to form a joint venture for operating TikTok in the U.S., aiming to prevent a government ban. The deal involves investors like Oracle and Silver Lake,

ByteDance’s Doubao AI phone – a limited-run handset built with ZTE’s Nubia brand – remained in hot demand and continued to receive frequent software updates, even as the device drew scrutiny over privacy and data security after its debut in early December.

Nvidia (NASDAQ:NVDA) told Chinese clients that it may expand production of its H200 artificial intelligence chips, according to a Reuters report. Demand for the processor has exceeded current supply,