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A New Bid for TikTok from Perplexity AI Would Give the US Government a 50% Stake
An anonymous reader shared this report from the Associated Press: Perplexity AI has presented a new proposal to TikTok's parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok's U.S. business, according to a person familiar with the ...
An anonymous reader shared this report from the Associated Press: Perplexity AI has presented a new proposal to TikTok's parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok's U.S. business, according to a person familiar with the matter... Under the plan, ByteDance would not have to completely cut ties with TikTok, a favorable outcome for its investors. Under the proposal, the China-based tech company would contribute TikTok's U.S. business without the proprietary algorithm that fuels what users see on the app, according to a document seen by the Associated Press.
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