Perplexity AI Proposes Groundbreaking 'NewCo' Merger with TikTok
In a bold move, Perplexity AI has unveiled a revised merger proposal with TikTok's US operations, aiming to create 'NewCo', a US-based holding company. The proposal outlines ByteDance divesting TikTok US to investors while keeping hold of its core algorithm, presenting a potential $300 billion valuation for the new entity. The US government might acquire a significant stake of up to 50% after the IPO. This merger, poised at the intersection of AI and social media, promises to reshape the tech landscape.
Jan 27