TikTok owner ByteDance is developing a new chip to run AI models as part of an aggressive expansion of its homegrown Ai infrastructure, The Information reports

Newsquawk StaffPublished 29 May 2026, 13:22 UTCOn the live feed at 13:02 UTC — 5 more headlines followed before this page went public

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13:16

Fed's Paulson (2026 voter) says inflation pressures are weighing on the economy and firms are having a hard time planning for future

13:10

Reports of missile alerts across Russia's Ural region

13:02

TikTok owner ByteDance is developing a new chip to run AI models as part of an aggressive expansion of its homegrown Ai infrastructure, The Information reports

13:00

Toms Capital has a significant stake in McCormick (MCK), built after McCormick announced plans to take over Unilever's (ULVR LN) food business, according to source reports

12:59

Russian Diplomat Zakharova says all accusations on Russia's involvement in drone incidents in Romania are groundless, RIA reports

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The new AI chip is intended to have a structure similar to US chip designer Groq’s language processing units, which are built to run Ai models at low cost, according to three people with knowledge of the project.

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