ByteDance CEO Urges Staff To Resist Mediocrity After Missing Initial AI Wave

ByteDance's chief urged his staff to resist mediocrity after the company missed the initial wave of generative AI development, becoming the latest Chinese corporate leader to warn employees against falling behind in a fast-changing environment. From a report: In a company-wide meeting on Tuesday, co-founder and Chief Executive Officer Liang Rubo told workers to adopt a sense of crisis -- suggesting social video pioneer ByteDance was late to recognize the advent of game-changing technologies such as generative AI. He joins Alibaba Group's Jack Ma and JD.com's Richard Liu in voicing concern about organizational problems in the face of rising competition. "We are not sensitive enough to external changes," Liang said, according to a post on the company's official WeChat account. "During our semi-annual technical review, discussions related to GPT did not emerge until 2023, despite GPT-1 being released in 2018."

Read more of this story at Slashdot.