The source said that Complex AI will merge with TikTok US
US search engine startup Perplexity AI submitted a bid on Saturday to TikTok’s Chinese parent company ByteDance for Perplexity to merge with TikTok US, a source familiar with the company’s plans said. with Reuters.
TikTok faces a US ban starting Sunday if it does not cut ties with ByteDance, although President-elect Donald Trump said Saturday he would likely give the platform a 90-day extension this short video social network on Monday.
CNBC first reported the offer.
Perplexity will merge with TikTok US and create a new entity by combining the merged company with New Capital Partners, the person said.
The new structure proposed by Perplexity would allow most of ByteDance’s existing investors to retain their shares and would bring more videos to Perplexity, the source said, requesting anonymity because This matter is kept confidential.
TikTok did not immediately respond to a request for comment. New Capital Partners could not be immediately reached.
Perplexity AI believes its bid could be successful because the proposal is a merger and not a sale, the person said.
Perplexity AI’s search tools enable users to get quick answers to questions with sources and citations. It is supported by major language models that can synthesize and generate information, from OpenAI to Meta Platforms’ open source model Llama.
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TikTok, the app that has attracted nearly half of Americans, supported small businesses and shaped online culture, said Friday that things will go dark in the US on Sunday unless authorities of President Joe Biden offers assurances to companies such as Apple And Google that they will not face enforcement measures when the ban takes effect.
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