Artificial intelligence from China
From the online magazine Meedia: Tiktok inventor Bytedance: How the company behind the hyped teen app wants to shake up the tech world . The tectonic high-tech plates are shifting from Silicon Valley to China. Currently the most expensive startup company in the world, Bytedance (valued at about $75 billion) is creating a venture capital fund with which you want to invest in companies that specialize in AI (Artificial Intelligence German: Künstliche Intelligenz) and media. In addition, they plan to build a competitor to the market leader WeChat with the app Flipchat. This will not be the last big high-tech deal that China makes.
