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Bid for TikTok could give US Government a 50% stake
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
AI startup's plan would include 50% U.S. government ownership of TikTok
Perplexity AI has presented the new proposal to Byte Dance, TikTok’s parent company, as the organization searches for a U.S. buyer.
New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
17h
Trump directs US government to override California water policies if necessary
Trump has falsely claimed that Democratic Governor Gavin Newsom and other officials refused to provide water from the ...
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on MSN
President Donald Trump has restored freedom of speech in the United States
On Day One, President Donald Trump restored freedom of speech in the United States. If you weren’t aware that it had been ...
Poynter
4d
Is the United States turning into an oligarchy? Scholars react to Joe Biden’s warning
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Claims that the United States is sending taxpayer money to the Taliban need context
The U.S. government doesn’t send funds directly to the Taliban, but it has acknowledged that the terrorist group has ...
3d
Mexico prepares tents in border cities to receive Mexicans deported from United States
Mexico is constructing tents to receive Mexican nationals deported under Trump's mass deportations and provide them with ...
2d
on MSN
Trump presses pause on parts of the federal government
Heads of federal agencies turned Trump’s executive orders into mandates to cut communication with outside parties, halt most ...
2d
Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The rebranding of a former White House digital office into the new Department of Government Efficiency signals its potential ...
5d
Is the United States turning into an oligarchy? What scholars say about Biden’s warning
As the 2024 presidential race entered its final stretch, the nation’s richest tech leaders gravitated toward Trump’s side.
5d
on MSN
States, civil rights groups sue to stop Trump’s birthright citizenship order
Legal experts said the president’s executive order would upend precedent and is unlikely to pass constitutional muster.
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Donald Trump
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