On the afternoon of July 5th, ByteDance dismissed the rumors in its official headline today, saying that the report about BytePlus selling TikTok AI technology is untrue. The related business only provides technical services and will not sell any algorithms or AI technology codes. Earlier, the Financial Times reported that TikTok’s parent company ByteDance has begun to sell the application’s AI algorithm to other companies.
The company has a new department called BytePlus. According to its website, its customers include American fashion app Goat, Singapore travel website WeGo, Indonesian shopping app Chilibeli and Indian social gaming platform Games App.
According to the Financial Times, BytePlus provides customers with access to the recommendation algorithm and personalizes their applications and customers. According to its website, BytePlus also provides automatic voice and text translation, real-time video effects, and data analysis tools.
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