Updated 27 August 2018, 2:53 pm: This post has been updated to clearify that the partnership is between Intel and Toutiao, rather than the later’s parent company ByteDance.
Chinese tech upstart Toutiao and US chipmaker giant Intel announced plans today to set up a joint innovation lab. The laboratory will support AI technology R&D, application of key technologies as well as talent training, local media is reporting. The joint innovation lab will be located at Toutiao’s new data center.
The partnership between the two companies can be dated back to 2013 through cooperations in a variety of fields from big data to AI technology development, according to the report. The two parties have entered a deeper partnership in 2018 with the establishment of an innovation fund earlier this year, the current joint innovation lab, and by signing a strategic MOU.
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