Perplexity AI bids to merge with TikTok US, CNBC reviews Via Reuters

(Reuters) – Perplexity AI requested TikTok’s Chinese language mum or dad corporate, ByteDance, on Saturday to permit the U.S. seek engine startup to merge with TikTok U.S. and create a brand new entity combining them and New Capital Companions (WA:), CNBC reported.

TikTok faces a U.S. ban beginning on Sunday if it does now not lower ties with ByteDance, even if President-elect Donald Trump stated on Saturday he would most probably give the short-video social-media platform a 90-day reprieve on Monday.

The brand new construction proposed through Perplexity would permit for many of ByteDance’s current buyers to retain their fairness stakes and would deliver extra video to Perplexity, the record stated, bringing up an unnamed supply acquainted with the location.

Perplexity AI and TikTok didn’t straight away reply to requests for remark. New Capital Companions may just now not be straight away reached.

Perplexity AI believes its bid would possibly prevail because the proposal is a merger reasonably than a sale, the record added.

Perplexity AI’s seek gear allow customers to get rapid solutions to questions, with resources and citations. It’s powered through massive language fashions that may sum up and generate data, from OpenAI to Meta Platforms (NASDAQ:)’ open-source fashion Llama.

TikTok, which has captivated just about part of all American citizens, powered small companies and formed on-line tradition, stated on Friday it’ll move darkish within the U.S. on Sunday except President Joe Biden’s management supplies assurances to corporations corresponding to Apple (NASDAQ:) and Google (NASDAQ:) that they’re going to now not face enforcement movements when a ban takes impact.