ByteDance, the $75 billion Chinese startup that owns the TikTok video app, announced changes in senior management responsibilities that will allow its founder to focus more on the company’s international expansion. On Thursday, ByteDance promoted two of its senior executives, Zhang Nan and Zhang Lidong, to newly created roles as the CEO and chairman of its China business. By having those...
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OpenAI Dangles Perks and Early Access to Win Investments in AI Startups

OpenAI has proven itself to be a prolific fundraiser, collecting billions of dollars from Microsoft and others to perfect its artificial intelligence software. Lately, it’s also been flexing its muscles as an investor in other AI startups, a strategy that could tie a generation of young companies to its machine-learning models and Microsoft’s cloud services. San...
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