AI company proposes merger with TikTok giving US 50% stake– www.washingtonexaminer.com
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Excerpt:
Startup Perplexity AI made its second bid to buy TikTok, this time with a proposal to have the U.S. government own 50% of the platform.
Lawmakers have long opposed TikTok’s algorithm since its parent company, ByteDance, is Chinese-owned. A ban went into effect as expected on Jan. 19, but the app was back online hours after TikTok stopped service in the United States.
The latest proposal was reported by a source who said they were unauthorized to speak on it publicly, per the Associated Press. Perplexity AI is suggesting an initial public offering of at least $300 billion in its second try to win over the platform.
The startup made an offer on Jan. 18 before the app temporarily went dark, but TikTok did not accept.
