• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Tech

Perplexity AI makes a bid to merge with TikTok U.S.

by
January 21, 2025
in Tech
0
Perplexity AI makes a bid to merge with TikTok U.S.
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Jakub Porzycki | Nurphoto | Getty Images

Perplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance, to create a new merged entity combining Perplexity, TikTok U.S. and new capital partners, CNBC has learned.

The new structure would allow for most of ByteDance’s existing investors to retain their equity stakes and would bring more video to Perplexity, according to a source familiar with the situation, who asked to remain anonymous due to the confidential nature of the potential deal.

Perplexity AI, the artificial intelligence search engine startup competing with OpenAI and Google, started 2024 with a roughly $500 million valuation and ended the year with a valuation of about $9 billion, after attracting increasing investor interest amid the generative AI boom — as well as controversy over plagiarism accusations.

AI-assisted search has been viewed by investors as one of Google’s key risks, as it potentially changes the way consumers access information online. Last year, OpenAI, which started the generative AI craze in late 2022 with ChatGPT, introduced a search engine called SearchGPT. Google later launched “AI Overviews” in search, allowing users to see a quick summary of answers at the top of results.

Though any potential transaction between Perplexity AI and ByteDance would likely take months to complete — and TikTok has said the app will “go dark” in the U.S. on Sunday unless the Biden administration assures it won’t punish Apple, Google and other service providers for hosting it — President-elect Donald Trump told NBC News on Saturday that he “most likely” would give TikTok 90 more days to work out a deal after he is sworn into office on Monday.

In a video posted to TikTok on Friday, CEO Shou Zi Chew said, “I want to thank President Trump for his commitment to work with us to find a solution that keeps TikTok available in the United States.”

ByteDance has publicly implied it will not sell TikTok U.S., which is part of why Perplexity AI believes it has a shot with its bid — since the proposal is a merger rather than a sale, the source told CNBC.

The source believes a fair price is “well north of $50 billion” but that the final number attached to the proposal will be decided, in part, by which of ByteDance’s existing shareholders want to remain part of the new entity and which want to cash out.

CORRECTION: Perplexity AI’s bid for TikTok would create a new merged entity combining Perplexity, TikTok U.S. and new capital partners. A previous version of this article misstated one of the participants.

Tags: Alphabet IncApple IncArtificial intelligenceBidBreaking News: Technologybusiness newsDonald J. TrumpGenerative AImergePerplexityTechnologyTikTok
Previous Post

Bitcoin NVT Golden Cross Nears Local Bottom – Here’s What It Means

Next Post

How to budget with the 50/30/20 rule

Next Post
How to budget with the 50/30/20 rule

How to budget with the 50/30/20 rule

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

March 23, 2025
Why startups and tech giants are racing to build a practical quantum computer

Why startups and tech giants are racing to build a practical quantum computer

March 23, 2025
Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

March 23, 2025
Tariffs are ‘simply inflationary,’ economist says: Here’s how they fuel higher prices

Tariffs are ‘simply inflationary,’ economist says: Here’s how they fuel higher prices

March 22, 2025
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim

Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim

October 17, 2025
U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy | Fortune

U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy | Fortune

October 17, 2025
Oracle stock rises as company confirms Meta cloud deal

Oracle stock rises as company confirms Meta cloud deal

October 17, 2025
Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For ,000, Here’s Why

Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For $10,000, Here’s Why

October 17, 2025

Recent News

Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim

Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim

October 17, 2025
U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy | Fortune

U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy | Fortune

October 17, 2025
Oracle stock rises as company confirms Meta cloud deal

Oracle stock rises as company confirms Meta cloud deal

October 17, 2025
Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For ,000, Here’s Why

Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For $10,000, Here’s Why

October 17, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim

Adani bull GQG buys more in 4 stocks, LIC stays the course but FIIs trim

October 17, 2025
U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy | Fortune

U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy | Fortune

October 17, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.