> That is huge news - billions down the drain.

Billions of what? milli-dollars? Bytedance denies the damages are over $10M.

Of course they will deny it, they have investors... Read the posts from the engineers - 30 people's research and large model training coming to a grinding halt for a quarter. That's easily worth billions in today's market, can you imagine if OpenAI or Google didn't report any progress on a major model for a quarter?