ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.

An investor has an offer for TikTok and says if successful, it will create a Silicon Valley in Wyoming. Reid Rasner says TikTok and the technology will add to the state's economy.

TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...