The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

ByteDance, the parent company of TikTok, plans to invest over $12 billion in artificial intelligence (AI) infrastructure by 2025, according to the Financial Times. This strategic move comes amidst ...

Ally Financial is largely an auto lender, created when the business was spun off from General Motors. The company carries an ...