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Market Chatter: ByteDance to Offer Stock Options at AI Division to Retain Talent

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ByteDance will offer low-priced stock options linked to its Seed AI division in a bid to retain talent, the Financial Times reported Tuesday, citing four people with knowledge of the matter.

The stock options will expose staff to the AI division without diluting the TikTok owner's other business segments, the FT said.

The move comes as tech rivals including Tencent (HKG:0700) have begun poaching ByteDance's researchers, according to the report.

Seed has one of the largest concentrations of top AI talent in China, according to the newspaper.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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