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TikTok creator ByteDance vows to curb AI video tool after Disney threat
Videos created by new Seedance 2.0 generator go viral, including one of Tom Cruise and Brad Pitt fighting Business live – latest updates ByteDance, the Chinese technology company behind TikTok, has said it will restrain its AI video-making tool, after threats of legal action from Disney and a backlash from other media businesses, according to…
TikTok announces it has finalized deal to establish US entity, sidestepping ban
Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX TikTok announced on Thursday it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle. The deal finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned…