In a latest company-wide assembly ByteDance CEO Liang Rubo cautioned staff that the corporate is liable to turning into complacent and will slip into mediocrity amid challenges from rising startups.
The TikTok proprietor made the assertion throughout a gathering in Singapore which was noticed by ByteDance staff throughout the globe. Liang talked about that the corporate’s development lately resulted in decreased effectivity because it continues to disregard the AI pattern.
“Our firm shouldn’t be delicate sufficient (to new applied sciences),” Liang stated by way of Reuters. “For instance, discussions about GPT didn’t seem in our half-year tech overview till 2023, though GPT-1 was already launched in 2018.”
ByteDance is well known as a frontrunner in algorithms attributable to a few of its flagship apps like TikTok, Douyin, and Toutiao. Regardless of being dubbed the “App Manufacturing facility” for its frequent cellular app releases, ByteDance is lagging within the ongoing AI race to reshape the sector.
Shifting focus in direction of AI
Talking in regards to the firm’s delayed entry into AI basis fashions, Liang famous that firms with superior fashions developed them between 2018 and 2021. “For a lot of good startup groups, they’re very accustomed to the trade. They will rapidly spot any new tasks showing on GitHub, after which they begin looking for acquisition or partnership alternatives,” he stated.
The CEO went on to say that ByteDance confronted heavy inner forms because it expanded, leading to tasks taking six months to finish, whereas a startup might accomplish them in a single month.
Lately, the TikTok proprietor has elevated its give attention to AI and has discontinued its plans with video video games. The corporate has been experimenting with a number of AI-powered chatbots, resembling “Doubao” in China and “Cici” and “ChitChop” abroad.
