[Zhang Yiming: ByteDance Has the Ability to Compete with Anthropic and OpenAI, But Catching Up Won't Be Achieved Until 2029 at the Earliest] According to Bloomberg, Zhang Yiming, co-founder of ByteDance, recently stated at an all-hands meeting with the AI team that ByteDance has the ability to compete with industry leaders such as Anthropic and OpenAI in cutting-edge AI fields. However, he also reminded the team that truly reaching the level of these companies will not be possible until at least 2029 or 2030. Zhang Yiming stated at the meeting that the pre-training dataset for ByteDance's Seed series of large language models is several orders of magnitude smaller than the datasets used by top US competitors. Zhang Yiming also reiterated that ByteDance should not over-rely on model distillation technology but should focus on long-term development. Previous reports indicated that ByteDance is focusing on the intelligent agent field, planning to launch an AI assistant similar to Meta Muse.