ByteDance, the Chinese parent company of TikTok, is offering a latest round of its employee stock option buyback program at a price higher than its previous round in April, according to a person with knowledge of the matter and an internal memo viewed by The Information. The program, which ByteDance usually offers twice a year, allows employees to cash in some of their stock options, at a time...
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Meta, OpenAI Square Off Over Open Source AI
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone? That question has pitted companies such as Meta Platforms, which recently made the code for its conversational AI freely available on the internet, against rivals such as OpenAI that sell proprietary AI like ChatGPT but don’t share the code....
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