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ByteDance, Tencent Slash AI Model Prices Amid Fierce Competition
Developing
Tech·2d agoAI summary

ByteDance, Tencent Slash AI Model Prices Amid Fierce Competition

ByteDance and Tencent Holdings are cutting prices for their AI models, joining rivals like Xiaomi and Alibaba in a price war sparked by intense competition in China's AI market. ByteDance's Seedance 2.0 Mini is now half price, while Tencent reduced costs on its TokenHub platform. This follows similar moves by other major tech firms aiming to attract users amid a vibrant but crowded AI landscape.

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SCMP Tech
UK Unveils Tough New Online Rules, Banning Under-16s from Major Social Media Platforms
Developing
Politics·3d agoAI summary

UK Unveils Tough New Online Rules, Banning Under-16s from Major Social Media Platforms

The UK government, led by Prime Minister Sir Keir Starmer, announced new online safety rules banning children under 16 from major social media platforms like TikTok and Instagram. The measures, set to take effect in spring 2027, aim to protect young people from harmful content, cyberbullying, and online predators, with parents overwhelmingly backing the stricter regulations.

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TOI World