BEIJING, Feb. 21, 2018 /PRNewswire/ -- Bytedance has today been named by Fast Company as one of the World's 50 Most Innovative Companies for 2018 and one of the Top 10 Most Innovative Companies in China.
Bytedance is recognized for the innovation in artificial intelligence that powered the incredible growth of its flagship product Toutiao, one of the most popular mobile apps in China, and among the most widely used content platforms in the world that offers personalized information feeds powered solely by machine learning algorithms.
In addition to Toutiao, Bytedance also operates a portfolio of content platforms that enable people to connect with, consume, and create content through artificial intelligence technology, including Xigua Video, Tik Tok, Musical.ly, Hypstar and News Republic.
Bytedance has created intelligent machines that are capable of understanding and analyzing texts, images and videos using natural language processing and computer vision technology. The company then applies large-scale machine learning and deep learning algorithms to automatically serve users with the content that they will find most interesting. The result is a personalized, extensive, and high-quality content feed created specifically for you each time you open the app.
At its AI Laboratory in Beijing, Bytedance is leveraging its vast datasets to innovate and advance state-of-the-art technology that enhances the entire lifecycle of the content experience -- from creation to personalization to interaction.
Zhang Yiming, founder and CEO of Bytedance, said:
"Our mission at Bytedance is to build connections between people and information using AI technology and we are honored by this recognition from Fast Company. Our products enable users to discover a world of interesting content, and allow creators to reach new audiences, and we look forward to sharing this experience with more users around the world in 2018."
Most Innovative Companies is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. More than three dozen Fast Company editors, reporters, and contributors surveyed thousands of companies to compile these lists.
About Bytedance
Founded in 2012, Bytedance owns a series of content platforms that enable people to connect with, consume, and create content through machine learning technology. Bytedance's flagship product, Toutiao, is the largest AI-powered mobile content platform in China. Toutiao delivers personalized content recommendations to every user based on their interests. Bytedance also operates a series of products popular with mobile users around the world, including musical.ly, Tik Tok, News Republic and Hypstar.
In 2016, Bytedance established an AI Lab which builds on the company's vast and complex datasets to develop state-of-the-art innovations in artificial intelligence.
