O’Leary Ventures chairman has the latest on his TikTok bid on ‘The Claman Countdown.’
Artificial intelligence (AI) company Perplexity AI has applied to join TikTok US, so that the video sharing platform can avoid being banned in the country, according to a report.
The bid, made to the platform’s Chinese parent company, ByteDance, will include Perplexity AI, TikTok US and new major partners and will allow many of ByteDance’s investors to keep their shares, CNBC reported, citing a source familiar with the matter.
Congress passed a ban on TikTok last year that will take effect Sunday unless Chinese-owned ByteDance sells the company.
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TikTok is facing a ban in the US, which will take effect on Sunday. (AP Photo/Ashley Landis / AP Newsroom)
The White House has said President Biden will not implement the ban, and President-elect Trump has said he may ask for a 90-day waiver on the ban, which is allowed by law.
Still, ByteDance on Saturday said it plans to “go dark” on Sunday unless the Biden administration gives “certain” assurances that the ban will not be implemented.
Perplexity is an AI search engine that was launched last year. It’s worth about $9 billion, CNBC reports.
Perplexity is an AI search engine that was launched last year. It’s worth about $9 billion, CNBC reports. (Jaque Silva/NurPhoto via Getty Images/Getty Images)
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On Friday, the US Supreme Court upheld the bipartisan legislation, citing national security risks from its relationship with China.
While ByteDance has suggested it won’t sell TikTok, “Shark Tank” investor Kevin O’Leary told Fox News on Friday that he made a $20 billion offer for it.
President-elect Trump has said he may ask for a 90-day extension to the ban, which is allowed in the text of the law. (Jaap Arriens/NurPhoto via Getty Images/Getty Images)
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“There is a reason why Congress put this order before the Supreme Court. There is a reason why they ruled in favor of it. It is not worth taking the risk,” he said. “And, therefore, the obvious solution is to sell it to an American syndicate as instructed.”
FOX Business has reached out to Bytedance and Perplexity AI for comment.
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