ByteDance's revenue surged by 29% to $155B in 2024, driven by TikTok's global expansion. Despite U.S. uncertainties, TikTok's e-commerce thrives, with strategic AI investments and market diversification fueling growth.
China is accelerating AI adoption across industries. ByteDance's COMET optimizes training, reducing costs. DeepSeek overcomes chip limitations with algorithms. The 'AI Plus initiative' integrates AI with manufacturing and fosters new sectors. Government support, talent cultivation, and computing power are key to China's global AI leadership, creating a dynamic cycle of innovation.
ByteDance's Doubao AI team released COMET, an open-source framework optimizing Mixture of Experts (MoE). It enhances large language model (LLM) training efficiency and reduces costs. COMET uses Computation-Communication Folding and dynamic GPU allocation, achieving a 1.71x training improvement and 40% cost reduction. It also synergizes with UltraMem, further decreasing inference expenses.
