Perplexity AI proposes TikTok merger with 50% U.S. government stake

Perplexity is seeking to create a new $300-billion public company with TikTok's U.S. business and include investments from other investors.

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Perplexity AI has submitted an updated proposal to merge with TikTok that would allow the U.S. government to take a 50 percent stake in the newly formed company, a source familiar confirmed to The ...
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Perplexity AI revises Tiktok merger proposal that could give the U.S. government a 50% stake

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For now, TikTok lives to fight another day. But as this saga continues to unfold, it’s clear that the battle over its future has only just begun.
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Pakistan's lower house of parliament has passed a bill with sweeping controls on social media that includes blocking platforms and sending users to prison for spreading disinformation
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Kennedy vows to keep vaccine suit stake if confirmed as US health chief

Nominee says he is entitled to 10% of proceeds if case against Merck’s Gardasil treatment succeeds
Financial Times - Jan. 22
Billionaire Frank McCourt is open to a 50% share of TikTok after Trump comments

Frank McCourt's Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.
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Perplexity launches Sonar API, taking aim at Google and OpenAI with real-time AI search

Perplexity's Sonar is a real-time AI search API challenging Google and OpenAI with disruptive pricing and superior performance.
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New UK ambassador to US still holds stake in lobbying firm for TikTok

Lord Peter Mandelson has not set deadline for fully divesting of his stock in Global Counsel
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Trump brushes off TikTok national security concerns while calling for a 50% deal

President Donald Trump notably called for a ban of TikTok during his first term due to national security concerns.
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Yes, Minister sitcom character is government's new AI assistant

A new suite of AI tools for civil servants are named 'Humphrey' after the scheming character.
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TikTok restoring service to US users

TikTok said Sunday it is "in the process" of restoring service to the U.S., just more than 12 hours after cutting off access to the popular video-sharing platform in anticipation of a ban. “In ...
The Hill - Jan. 19
‘Creative use of punishment’: Covid-style lockdowns proposed for criminals in England and Wales

Bar Council calls for pandemic restrictions to help reintegrate non-violent offenders into society and ease pressure on overcrowded jails. Conditions similar to Covid lockdowns should be imposed on ...
The Guardian - Jan. 19
TikTok goes dark across US

Short-form video app says it is ‘fortunate’ that Donald Trump has ‘indicated he will work with us on a solution’
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TikTok no longer accessible in US

TikTok blocked access to American users late Saturday night, just hours before a law banning the popular video-sharing platform was set to go into effect. “A law banning TikTok has been enacted in ...
The Hill - Jan. 19
Perplexity AI submits bid to merge with TikTok US

The search engine platform Perplexity AI submitted a bid to merge with TikTok on Saturday, a source familiar told The Hill. The move follows a Friday Supreme Court ruling that upheld the decision ...
The Hill - Jan. 19
Perplexity AI makes a bid to merge with TikTok U.S.

Perplexity AI submitted a bid on Saturday to TikTok parent ByteDance, proposing that Perplexity merge with TikTok U.S., CNBC has learned.
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TikTok says it will 'go dark' on Sunday without US government action

The Supreme Court earlier upheld a law that would ban the video app in the US unless its Chinese parent-company sells it.
BBC News - Jan. 18
TikTok says it will ‘go dark’ without US government action

Chinese-owned video app warns of blackout for 170mn users after Supreme Court upholds divest-or-ban law
Financial Times - Jan. 18
TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell

Business moguls should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell.
CNBC - Jan. 15
What are the challenges facing the government's AI action plan?

Sir Keir Starmer has unveiled proposals which he says will make the UK 'one of the great AI superpowers'.
BBC News - Jan. 13
Biden administration proposes new restrictions on AI chip exports

The proposal is raising concerns with the chip industry, with artificial intelligence leader Nvidia calling it "misguided."
CBS News - Jan. 13
TikTok’s last dance in the US

Plus, Joe Biden leaves the White House, Wall Street banks report earnings, and confidential MI5 files are made public
Financial Times - Jan. 12
TikTok's future in the US rests with the Supreme Court

The platform with nearly 170 million American users is challenging a law that would see it banned in the US in a matter of days.
BBC News - Jan. 10
How the US TikTok Ban Would Actually Work

The fate of TikTok now rests in the hands of the US Supreme Court. If a law banning the social video app this month is upheld, it won’t disappear from your phone—but it will get messy fast.
Wired - Jan. 9
US imposes sanctions on senior Hungarian government minister

US treasury accuses Antal Rogán, a close aide of leader Viktor Orbán, as key to ‘system of corruption’. The United States has imposed sanctions on a senior member of the Hungarian government for ...
The Guardian - Jan. 7
O'Leary: Trump US-Canada merger an interesting concept

"Shark Tank” star Kevin O’Leary said Monday that the concept of the U.S. and Canada merging into one country is "very interesting." “I went to Palm Beach for a couple of days. On Saturday, we ...
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British AI startup with government ties is developing tech for military drones

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Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons

The Biden administration blocked the deal over alleged national security concerns.
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Nippon Steel and US Steel sue Biden administration over blocked merger

U.S. Steel and Japanese steelmaker Nippon Steel sued the U.S. government Monday in a last-ditch effort to move forward with their merger, which President Biden blocked Friday over national security ...
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From Trump tariffs to AI: the big economic questions facing governments in 2025

The main issues confronting policymakers around the world seem particularly portentous this new year. January is always a time for new beginnings and fresh thinking. But with Donald Trump heading ...
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TikTok and Government Clash in Last Round of Supreme Court Briefs

The briefs, filed a week before oral arguments, offered sharply differing accounts of China’s influence over the site and the role of the First Amendment.
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US Steel’s tortuous un-merger is a deal for the ages

Would-be acquirers prepare for era where big is no longer bad, but foreign still might be
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Why Trump should switch sides on the US Steel-Nippon Steel merger (but probably won’t)

The clock is ticking on government approval for the U.S. Steel-Nippon Steel merger, and whether short-term political buffoonery will win out over inexorable economic logic. My money is on buffoonery.
The Hill - Jan. 2

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