ByteDance says not conscious of $5 billion training fund in TikTok deal


TikTok logos are seen on smartphones in entrance of a displayed ByteDance emblem on this illustration taken November 27, 2019.

Dado Ruvic | Reuters

TikTok proprietor Bytedance mentioned in a social media submit on Sunday that it was the primary time it had heard within the information it was organising a $5 billion training fund in the US.

U.S. President Donald Trump mentioned he had authorised a deal, which included a $5 billion training fund, to permit TikTok to proceed to function in the US.

“The corporate has been dedicated to investing within the training area, and plans to work with companions and world shareholders to launch on-line classroom tasks primarily based on AI and video know-how for college students all over the world,” ByteDance mentioned on its official account on Toutiao.