Liang also claimed that ByteDance's rapid expansion hindered its ability to innovate, citing internal bureaucracy as a major obstacle. He compared the company's situation to smaller startups that can quickly identify and seize new opportunities. Despite these criticisms, ByteDance has made strides in the AI space, launching its own version of GPTs and a platform similar to OpenAI's GPTs custom chatbot market in China.
Key takeaways:
- TikTok's parent company ByteDance's co-founder, Liang Rubo, has expressed regret that the company did not invest in artificial intelligence (AI) sooner, stating that the company is now risking 'mediocrity'.
- Despite being late to the AI game, ByteDance has been using OpenAI's software to build its own large language model (LLM), which led to OpenAI suspending the company's account pending investigation.
- Liang also claimed that ByteDance's rapid expansion has hindered its ability to innovate, citing internal bureaucracy that slows down projects.
- Despite these setbacks, ByteDance has launched Coze, a platform similar to OpenAI's GPTs custom chatbot market, in China, indicating that the company is still making strides in the AI field.