Perplexity AI submits proposal to merge with TikTok, give half to US government: report
Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app stares down a national ban, according to multiple reports. Under the new proposal, the US government would own up to half of the company after a future initial public offering, a source familiar with the matter told CNBC.
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI ...
Elon Musk, real estate magnate Frank McCourt, and Shark Tank’s Kevin O’Leary are also interested in taking over TikTok, ...
Generative artificial intelligence (AI) is transforming industries, consumer behavior, and the competitive landscape for the ...
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The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure ...
There’s currently no sign that such progress has been made. Several potential buyers are believed to be circling in TikTok. AI developer Perplexity AI Inc., for example, has reportedly floated a ...
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