SITUATION EXPLAINED: ByteDance is training a 10 trillion-parameter model. • That's more than 3x Kimi K3's 2.8 trillion, the largest model any Chinese lab has released • Industry estimates put Mythos 5 around 8 trillion and Fable 5 around 5 trillion • Built by ByteDance's Seed team, roughly 2,000 people globally, led by Wu Yonghui, formerly of Google DeepMind • Founder Zhang Yiming told the team to avoid distillation and build independently, even at the cost of short-term losses • ByteDance is…