The president of O’Leary Ventures has the latest on his TikTok offering on “The Claman Countdown.”
Artificial intelligence (AI) company Perplexity AI has proposed merging with TikTok US, so the video-sharing platform can avoid being banned in the country, according to a report.
The offer, made to the platform’s Chinese parent company ByteDance, would merge Perplexity AI, TikTok US and new financial partners and allow most of ByteDance’s investors to retain their stakes, CNBC reported, citing a source close to the case.
Congress adopted a TikTok ban last year it goes into effect on Sunday unless Chinese company ByteDance sells the company.
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TikTok is facing a ban in the United States, which is expected to take effect on Sunday. (AP Photo/Ashley Landis/AP Newsroom)
The White House has said President Biden will not enforce the ban, and President-elect Trump has said he will likely seek a 90-day reprieve from the ban, which is allowed by law.
Still, ByteDance said Saturday that it plans to “go dark” on Sunday unless the Biden administration provides “definitive” assurance that the ban will not be enforced.
Perplexity is an AI search engine startup launched last year. It’s worth about $9 billion, CNBC reported.
Perplexity is an AI search engine startup launched last year. It’s worth about $9 billion, CNBC reported. (Jaque Silva/NurPhoto via Getty Images / Getty Images)
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Friday, the United States Supreme Court confirmation the bipartisan law, citing national security risks due to its ties to China.
While ByteDance has suggested it won’t sell TikTok, “Shark Tank” investor Kevin O’Leary told Fox News on Friday that he has made a $20 billion cash offer for it.
President-elect Trump said he would likely seek a 90-day reprieve from the ban, which is allowed by the wording of the law. (Jaap Arriens/NurPhoto via Getty Images / Getty Images)
“There’s a reason Congress brought this order to the Supreme Court. There’s a reason they ruled in its favor. It’s not worth the risk,” he said. declared. “And so the obvious solution is to sell it to a U.S. syndicate in accordance with the order.”
FOX Business has contacted Bytedance and Perplexity AI for comment.
