ByteDance quietly makes $4bn a year from AI. It just broke up an app to make more.
ByteDance is quietly winning a race in China that most people are watching in America. The company behind TikTok now makes about $4bn a year from artificial intelligence. That is the largest figure any Chinese firm has publicly claimed, the South China Morning Post reported.
To press that lead, ByteDance is tearing up part of its own structure. It is folding Lark, its Slack-style workplace app known as Feishu at home, into the teams behind its Doubao chatbot and its cloud business. The plan comes from an internal memo seen by the paper.
Absorbing the office app
The reshuffle is telling. Lark’s product team will merge into the group that runs Doubao, ByteDance’s answer to ChatGPT, under Zhao Qi, who until now oversaw Doubao alone. Lark’s sales and support staff move to Volcano Engine, ByteDance’s cloud arm, to sell AI models and software to businesses. Its engineers join Flow,...
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