Perplexity's revised TikTok merger plan includes 50% US government ownership
The revised plan outlines the creation of a new US holding company, "NewCo." Under this proposal, ByteDance would divest TikTok US to investors while retaining ownership of its core recommendation algorithm, a crucial factor in TikTok's global success.
TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI ...
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% ...
An uproar with a popular Kindle competitor e-reader has showcased how the use of Chinese AI models in U.S. products could ...
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this ...
Perplexity AI has revised its merger proposal to ByteDance, TikToks Chinese parent company, aiming to create a new U.S.-based ...
ByteDance reportedly plans to double down on domestic AI chips following U.S restrictions. The Chinese tech giant, however, ...
ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than ...
ByteDance has launched an artificial intelligence (AI)-powered code editor in competition with American leaders like Cursor ...
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