ByteDance to launch its own version of Custom ChatGPTs

ByteDance, the Chinese company behind TikTok, is developing an open platform for users to create their own chatbots as it enters the generative AI market. The "bot development platform" is expected to launch as a public beta by the end of the month, according to an internal memo seen by SCMP. This comes amid a surge in demand for generative AI products and services, following the launch of ChatGPT last year. ByteDance is also reportedly working on a text-to-image generator similar to Midjourney. The move is part of the company's new strategic vision to integrate new generative AI products with existing ones. Other tech giants, including Baidu (Ernie Bot) and Alibaba (Tongyi Qianwen 2.0), have also launched similar services.