Written by

Bernard Marr

Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity. He is a best-selling author of 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations. He has over 2 million social media followers, 1 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.

Bernard’s latest book is ‘Business Trends in Practice: The 25+ Trends That Are Redefining Organisations’

View Latest Book

Follow Me

Bernard Marr ist ein weltbekannter Futurist, Influencer und Vordenker in den Bereichen Wirtschaft und Technologie mit einer Leidenschaft für den Einsatz von Technologie zum Wohle der Menschheit. Er ist Bestsellerautor von 20 Büchern, schreibt eine regelmäßige Kolumne für Forbes und berät und coacht viele der weltweit bekanntesten Organisationen. Er hat über 2 Millionen Social-Media-Follower, 1 Million Newsletter-Abonnenten und wurde von LinkedIn als einer der Top-5-Business-Influencer der Welt und von Xing als Top Mind 2021 ausgezeichnet.

Bernards neueste Bücher sind ‘Künstliche Intelligenz im Unternehmen: Innovative Anwendungen in 50 Erfolgreichen Unternehmen’

View Latest Book

Follow Me

AI In China: How Buzzfeed Rival ByteDance Uses Machine Learning To Revolutionize The News

2 July 2021

Back in 2012 when ByteDance was founded by a then 29-year-old Zhang Yiming who saw mobile devices were key in how information would be consumed in the future, investors were skeptical that a news aggregator app would compete and be profitable against what already existed. Well, it did. ByteDance is currently valued at more than $75 billion and is recognized as an AI tech leader. Its success can be attributed in large part to the artificial intelligence and machine learning algorithms that deliver customized content feeds to its users.



ByteDance’s AI-Powered Products

The product ByteDance is most known for is Toutiao, literally translated as “headlines,” but often referred to as the “Buzzfeed with brains.” It is a cross between a search engine and social media platform that delivers personalized content to each of its 120 million daily active users thanks to the AI algorithms that power it. Rather than create its own content, Toutiao offers a continuous stream of content from other online resources.

The company strategically expanded to include mobile video and other apps to extend its influence beyond Toutiao. TikTok, known as Douyin in China, is a platform that allows users to create and share 15-second videos and is designed for the “new generation of creators.” In August 2018, ByteDance also merged the musical.ly app into TikTok. Also under the ByteDance video-product umbrella are Zigua Video, one of China’s most popular video platforms for professional and individual video creators, and Vigo Video, called Huoshan in China, that provides a platform for people to share stories and showcase their talent along with easy-to-use video editing tools and special effects. News Republic, TopBuzz and BuzzVideo are other ByteDance products that provide users with platforms to discover, enjoy and share content.

Powered by AI and Machine Learning

Whether it’s BuzzVideo or Toutiao, all of ByteDance’s products use artificial intelligence and machine learning to deliver content that users want. The company’s intelligent machines use computer vision and natural language processing technology to understand and analyze written content, images and videos. Then, based upon what the machines know about each user, they deliver the content it believes each user would want. As a user interacts with the content by taps, swipes, time spent with each article, comments and more, large-scale machine learning and deep learning algorithms continue to learn about a user’s preferences to refine its content delivery for the future. The end result is a high-quality content feed based upon each user’s preferences and interests. As more content is accumulated by the system, the better the algorithms get to enhance the content experience.

Since the underlying technology that powers ByteDance’s systems isn’t limited by linguistic or cultural barriers, the company has expanded beyond China. Currently, its global footprint includes China, Japan, South Korea, India, Europe, Brazil, North America and Southeast Asia.

AI Innovation Lab

ByteDance has received accolades for being a top AI innovator from CBInsight who recognized the company on its 2018 AI 100 List as well as from Fast Company, who placed it on its most innovative companies list. In 2016, it founded its AI Lab, a research division led by Wei-Ying Ma, formerly of Microsoft Research Asia. The Lab’s primary focus has been on developing innovative technologies to enhance ByteDance’s content platforms. Just this year, ByteDance and U.S. chipmaker Intel announced their collaboration for another AI innovation lab to develop AI applications. Intel’s software and hardware expertise will complement ByteDance’s data processing capabilities and help provide for its massive computing and storage needs.

Dedicated to Staying the Leader

While not always recognized outside of China, ByteDance is committed to staying a leader in AI innovation not only in China but ultimately in the world. The company continues to invest and acquire other global content providers. It plans to integrate its AI expertise into these new acquisitions to make them even more valuable to end-users. It also recruits tech leadersaway from its competitors with unbelievable salaries—in some cases raises of 50 percent. Despite competition from China’s three tech giants (Alibaba, Baidu and Tencent) and some challenges with the Chinese government that caused Toutiao to be shut down for noncompliance with the government’s news and social media regulations which include promotion of “the core values of socialism,” it plans to wield its incredible machine-learning platform for content to continue its dramatic growth.

Will it become the world’s No. 1 online content destination? If it succeeds in infiltrating the West, it’s got a pretty good shot.


Business Trends In Practice | Bernard Marr
Business Trends In Practice | Bernard Marr

Related Articles

What Does ChatGPT Really Mean For Businesses?

ChatGPT, a new artificial intelligence chatbot, has taken the internet by storm. This tool is the latest example of AI-based tools that are augmenting the way we do business.[...]

ChatGPT: Everything You Really Need To Know

Unless you’ve been living off-grid for the past few weeks, you’ve probably noticed that the internet is abuzz with excitement about ChatGPT.[...]

The 10 Best Examples Of Low-Code And No-Code AI

Artificial intelligence (AI) can transform just about any business – from providing customers with products and services they really want to streamlining internal processes.[...]

The Top 4 Telecom Trends In 2023

The next 12 months look set to be a bumpy year for many global markets, and communications service providers (CSPs) will not be entirely insulated from the volatility.[...]

The Top 5 Healthcare Trends In 2023

The world is a very different place than it was ten years ago, and nowhere is this more evident than in healthcare.[...]

The Top 10 Tech Trends In 2023 Everyone Must Be Ready For

As a futurist, it’s my job to look ahead — so every year, I cover the emerging tech trends that will be shaping our digital world in the next 12 months.[...]

Stay up-to-date

  • Get updates straight to your inbox
  • Join my 1 million newsletter subscribers
  • Never miss any new content

Social Media

0
Followers
0
Followers
0
Followers
0
Subscribers
0
Followers
0
Subscribers
0
Yearly Views
0
Readers

Podcasts

View Podcasts