AI Startup Proposes Ambitious Plan to Acquire and Rebuild TikTok
Summary
Perplexity, an AI search startup, proposes an ambitious $30-50 billion bid to acquire TikTok's U.S. operations, rebuild its algorithm transparently and integrate its search capabilities, seeking funding at an $18 billion valuation.
Key Points
- Perplexity, an AI search startup, proposed a bid to acquire and rebuild TikTok
- The plan includes rebuilding TikTok's algorithm from scratch, making it transparent and open source, and integrating Perplexity's search capabilities
- Analysts value TikTok's U.S. operations between $30-50 billion, while Perplexity is reportedly seeking funding at an $18 billion valuation