"ByteDance, whose estimated valuation tops $220 billion, has raced to develop its generative AI product Doubao to compete with domestic and international rivals like Baidu and OpenAI."
"The tech company intern's dismissal followed widely circulated Chinese social media posts describing a trainee injecting code and altering parameters into a group of commercial graphics processing unit (GPU) computers."
"ByteDance denied parts of the swirling rumors around the firing, saying the loss of tens of millions of dollars and the involvement of 8,000 GPU cards was 'seriously exaggerated.'"
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