The head of O'Leary Ventures has his latest TikTok offering called “The Claman Countdown.”
artificial intelligence AI firm Perplexity AI has reportedly proposed to merge with TikTok US so the video-sharing platform can avoid a ban in the country.
The offer to the platform's Chinese parent company, ByteDance, would merge Perplexity AI, TikTok US and new capital partners, allowing the majority of ByteDance's investors to retain their shares, CNBC reported, citing a source familiar with the matter. do
Congress passed a Banning TikTok Last year, it will run from Sunday unless China-owned ByteDance sells the company.
TIKTOK POTENTIAL BAN: What social media apps appear in app stores
TikTok is facing a ban in the US that is set to take effect on Sunday. (AP Photo/Ashley Landis/AP Newsroom)
The White House has said that President Biden will not implement this ban President-elect Trump said He is likely to ask for a 90-day grace period for the ban, which is allowed by law.
However, ByteDance said on Saturday that it plans to “go dark” on Sunday unless the Biden administration gives “definitive” assurances that the ban will not be enforced.
Perplexity is an AI search engine startup launched last year. It is worth about $9 billion, CNBC reported.
Perplexity is an AI search engine startup launched last year. It is worth about $9 billion, CNBC reported. (Jaque Silva / NurPhoto via Getty Images / Getty Images)
On Friday, the United States The Supreme Court approved Bipartisan legislation, citing national security risks due to its relationship with China.
While ByteDance has suggested that it will not sell TikTok, the investor “Shark Tank”. Kevin O'Leary told Fox News On Friday, he made a cash offer of $20 billion for it.
President-elect Trump said he would likely seek a 90-day grace period for the ban, which is allowed in the writing of the law. (Jaap Arriens/NurPhoto via Getty Images/Getty Images)
“There's a reason Congress put this mandate in front of the Supreme Court. There's a reason they voted for it. It's not worth the risk,” he said. “And so the obvious solution is to sell it to an American syndicate as directed.”
FOX Business has reached out to Bytedance and Perplexity AI for comment.