Perplexity AI bids to merge with TikTok US, source says

Perplexity would merge with TikTok US and make a caller entity by combining the merged institution with New Capital Partners, the idiosyncratic said.

The caller operation projected by Perplexity would let for astir of ByteDance’s existing investors to clasp their equity stakes and would bring much video to Perplexity, the root said, requesting anonymity due to the fact that the substance is confidential.

TikTok did not instantly respond to requests for comment. New Capital Partners could not beryllium instantly reached. Perplexity AI believes its bid whitethorn win since the connection is simply a merger alternatively than a sale, the idiosyncratic said.

Perplexity AI’s hunt tools alteration users to get accelerated answers to questions, with sources and citations. It is powered by ample connection models that tin sum up and make information, from OpenAI to Meta Platforms’ (META.O), opens caller tab open-source exemplary Llama.

TikTok, which has captivated astir fractional of each Americans, powered tiny businesses and shaped online culture, said connected Friday it volition spell acheronian successful the US connected Sunday unless President Joe Biden’s medication provides assurances to companies specified arsenic Apple (AAPL.O), opens caller tab and Google (GOOGL.O), opens caller tab that they volition not look enforcement actions erstwhile a prohibition takes effect.