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ByteDance's Doubao Negates Co-op w/ ZTE for New Brand Setup
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In response to online rumors that ByteDance's AI is helping Doubao's foundation model cooperate with ZTE (00763.HK) smartphones, the person in charge of Doubao responded that the news was untrue, STAR Market Daily reported. Doubao's foundation model has already had in-depth cooperation with many smartphones, but has not discussed with ZTE the possibility of establishing a new brand, and there is no related cooperation on chips. ZTE's share price today (17th) peaked at $21.6, once soaring 11.3%. With slower upsurge, it spiked only 3.4% to last at $20, with turnover of $1.325 billion. AAStocks Financial News |
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