The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.

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.

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.

The Chinese unicorn’s Seed Edge programme reflects its aggressive investment strategy, as other major tech firms push their AI initiatives.

WASHINGTON – General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive order that halted a ban on the app for 75 days.

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.

CNBC's Deirdre Bosa joins 'The Exchange' with the latest details on the AI race between the U.S. and China. CNBC's Deirdre Bosa joins 'The Exchange' with the latest details on the AI race between the U.S. and China.

General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok soon will reach a deal to remain in the U.S.  “It’s in everybody’s interest,” Ford said

Content creator Jimmy Donaldson, known on the Internet as MrBeast, has made it clear he is interested in buying TikTok. Donaldson has the most subscribers of any user on YouTube— over 340 million—and boasts over 113 million TikTok followers.

Social media app TikTok briefly went dark in the U.S. last weekend due to a federal government tussle over its ownership. It’s since come back online, though the app itself cannot be downloaded from Google or Apple app stores.

TikTok went from banned to back online in a day, but the experience isn't what it used to be. Here's how to troubleshoot TikTok for Apple and Android.