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ByteDance Sells Gaming Arm for $6B, Doubles Down on AI

ByteDance Sells Gaming Arm for $6B, Doubles Down on AI

ByteDance is negotiating to sell its gaming subsidiary Shanghai Muyu Technology to Saudi's Savvy Games Group for $6-7B, netting over $2B profit from its $4B acquisition. The sale signals a strategic pivot to AI, highlighted by recent launches of Doubao-Seed-2.0 and Seedance 2.0 models. ByteDance is heavily investing in its Seed AI team, including buying land for a new HQ.

Anthropic Targets a Record-Breaking IPO

Anthropic Targets a Record-Breaking IPO

Anthropic reportedly expects its IPO to match or exceed SpaceX's record $75 billion raise and could file publicly as soon as the end of this month. The company reportedly recorded an almost $42 billion net loss in 2025, about five times the previous year's figure.

The Next Web (TNW)Media1h ago#ipo#frontier-ai#fundraising