Foreign media reported that ByteDance plans to cooperate with TSMC to begin mass production of its two self-developed AI chips based on the 5nm process by 2026, but ByteDance officials responded that the report was untrue.

TikTok's layoffs in Africa are not alone.

According to reports, TikTok is preparing to accelerate its e-commerce expansion plan and may launch its in app shopping platform TikTok Shop in Spain and Ireland as early as October this year.

ByteDance is working with Broadcom to develop advanced AI processors designed to counter U.S. chip controls on China.

It is reported that in order to obtain sufficient high-end chip supply, ByteDance is cooperating with American chip design company Broadcom to develop an advanced AI processor.

According to insiders, it is expected that the scope of layoffs will be around 450 people, accounting for about 9% of the total number of employees in the department, and will start as early as this month.

It is reported that TikTok is developing code for U.S. market exclusively, and the company later denied reports that it would sell its U.S. assets.

ByteDance reportedly spent $2.68 million on lobbying U.S. officials, while TikTok spent more than $4.5 million on advertising.

On 26 March, Xie Xin, CEO of Lark, released an all-staff letter announcing information, announcing layoffs.

On June 28, Volcano Engine, ByteDance's cloud service platform, hosted the "V-Tech Experience Innovation Technology Summit". At the meeting, Volcano Engine released the large model service platform "Volcano Ark", which will provide enterprises with comprehensive platform services such as model fine-tuning, evaluation, and inference.