Additional Coverage:
- AI company Perplexity bids to merge with TikTok to avoid ban: report (foxbusiness.com)
TikTok Deal to Avoid Ban
To prevent a U.S. ban, TikTok U.S. is reportedly exploring a merger with AI company Perplexity AI. The proposal would merge TikTok U.S., Perplexity AI, and new investors, allowing ByteDance investors to maintain their stakes.
Upcoming TikTok Ban
Congress imposed a ban on TikTok last year, citing national security concerns. The ban would take effect on Sunday unless ByteDance sells the company.
Biden and Trump’s Responses
President Biden has indicated he won’t enforce the ban, while President-elect Trump has suggested he would delay it by 90 days.
ByteDance’s Threat
ByteDance has stated it may shut down TikTok U.S. on Sunday if the Biden administration does not provide assurances that the ban will not be enforced.
Perplexity AI
Perplexity AI is an AI search engine startup launched in 2020. It is valued at approximately $9 billion.
Other Offers
“Shark Tank” investor Kevin O’Leary has offered $20 billion for TikTok, suggesting that ByteDance should sell the company to an American entity.
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- AI company Perplexity bids to merge with TikTok to avoid ban: report (foxbusiness.com)