TikTok parent ByteDance said to raise $1.45 billion for AI and content – TechCrunch

ByteDance, the Chinese company behind the immensely popular video app TikTok, is in talks to raise $1.45 billion for a new fund, The Information reported on Friday citing sources. The fresh vehicle will help power artificial intelligence and media content for the $75 billion startup, which reportedly leapfrogged Uber’s valuation after raising $3 billion in October. ByteDance declined…