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ByteDance board member confident deal to save TikTok in US will be reached soon

  • Bytedance board member Bill Ford stated that discussions are ongoing to secure a deal for TikTok in the US to avoid a ban.
  • President Donald Trump mentioned that TikTok could be valued at $1 trillion with a US operating license, which he suggested could be granted to a buyer who donates half to the US.
  • Bytedance is investing 4.5 billion yuan in a new computing center in Datong to support its artificial intelligence operations.
  • The launch of Bytedance's AGI program has the support of founder Zhang Yiming, who has maintained a low profile since stepping back from corporate roles.
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