Jakub Bolzycki | Noor Photos | Getty Images
According to CNBC, Perplexity AI officially shortlisted TikTok on Saturday, submitting an acquisition offer to its parent company ByteDance, allowing Perplexity to merge with TikTok US and create a new entity merged by Perplexity, TikTok US and New Capital Partners.
The new structure will allow most of ByteDance’s existing investors to retain their stakes and will bring more films to Perplexity, according to a person familiar with the matter.
Confusing Artificial Intelligence AI Search engine startup competes with OpenAI Googlestarting in 2024, approx. US$500 million Valuation, the valuation at the end of the year is Approximately US$9 billionAfter attracting growing investor interest in the generative AI boom, and Controversy over plagiarism accusations.
Artificial intelligence-assisted search has been regarded by investors as one of Google’s A major risk because it could change the way consumers get information online. Last year, OpenAI launched a generative AI boom at the end of 2022 with ChatGPT. introduce A search engine called SearchGPT. Google later roll out “AI Overview” in search, allowing users to see a quick summary of answers at the top of the results.
While any potential deal between Perplexity AI and ByteDance could take months to close, TikTok Already said The app will be ‘shut down’ in the US on Sunday unless the Biden administration guarantees no penalties appleGoogle and other service providers host it – President-elect Donald Trump told NBC News on Saturday He will “likely” give TikTok another 90 days to reach a deal after he is sworn in 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 working with us to find solutions that will keep TikTok available in the United States.”
Byte bouncing has been publicly hinted at Won’t sell That’s part of the reason Perplexity AI believes its bid has a chance, since the proposal is a merger rather than a sale, sources told CNBC.
Sources believe a reasonable price is “well above $50 billion,” but the final figure attached to the proposal will depend in part on which of ByteDance’s existing shareholders want to retain a piece of the new entity and which want to cash out.
