So, Perplexity AI has decided to play matchmaker and is trying to merge with ByteDance. Because, you know, who doesnāt want to mix their algorithms with a side of viral dance challenges? š
Theyāre cooking up a little something called āNewCoā ā which sounds like a trendy coffee shop, but itās actually a new U.S. company thatās going to combine TikTokās U.S. operations with Perplexity AI. I mean, what could possibly go wrong? š¤
ByteDance is planning to sell TikTokās U.S. operations to a group of investors. Theyāll get a slice of NewCo pie, while the TikTok algorithm stays with ByteDance. Because, obviously, we canāt let just anyone have access to the secret sauce that makes people dance like no oneās watching! šŗ
According to the gossip mill, aka Reuters, the U.S. government could snag up to 50% ownership of NewCo after an IPO, provided it hits a cool $300 billion valuation. No biggie, right? Just a casual billion here and there. šø
And guess what? TikTok is back in the U.S. after President Trump decided it was time for a comeback tour. Apparently, the appās operations were on a break due to some national security drama. Who knew TikTok was so high-stakes? š
Trump has promised that a decision on TikTokās future will be made in thirty days. The White House and ByteDance are playing coy and havenāt commented on this latest twist. CNBC was the first to spill the tea, so kudos to them! ā
This whole proposal is like a reality show for TikTokās American operations, tackling security concerns while trying to keep users glued to their screens. Investors and users alike are watching this drama unfold with popcorn in hand. šæ
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2025-01-27 09:24