TikTok owner ByteDance plans to spend $12bn on AI chips in 2025
The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with the plans, which would double the amount it spent last year. The group also plans to invest about $6.8bn overseas to build up its foundation model training capabilities using advanced Nvidia chips.
Perplexity AI’s new TikTok merger plan could see US govt owning 50% stake
Perplexity AI has revised its merger proposal to ByteDance, the parent company of TikTok, to include a provision allowing the US government to own up to 50% of the new entity following an IPO, CNBC reported.
Perplexity AI submits proposal to merge with TikTok, give half to US government: report
Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app stares down a national ban, according to multiple reports. Under the new proposal, the US government would own up to half of the company after a future initial public offering, a source familiar with the matter told CNBC.
Perplexity AI may save TikTok with a merger that’s half owned by the US government
Perplexity AI search startup has a new proposal to merge with TikTok, which would give the US government a stake of up to 50%.
Perplexity AI Updates Tiktok Merger Proposal
Perplexity AI made changes to its merger proposal with ByteDance, the parent company of TikTok, on Sunday.  TakeAway Points: Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance.
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.
Perplexity AI proposes TikTok merger with 50% ownership for US government
The revised plan reportedly includes provisions for the US government to receive stock in the new company once Perplexity AI achieves an initial public offering valued
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.
Perplexity AI’s new bid for TikTok could give U.S. 50% stake
Perplexity's plan would allow the U.S. to own up to half of the new entity once it makes an initial offering of at least $300 billion.
Perplexity AI revises TikTok proposal to give U.S. gov 50% stake, CNBC says
Perplexity AI revised the merger proposal it had submitted to TikTok parent, Hayden Field of CNBC reports. The proposal, which would create a
Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports
Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance, CNBC reported on Sunday. The proposal, to create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.
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ByteDance plans to invest $12bn in AI infrastructure
The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.
Trump’s reported plans to save TikTok may violate SCOTUS-backed law
There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok ...
U.S. Government Could Own Half of TikTok’s U.S. Business Under New Plan
The latest plan for a TikTok buyout, by Perplexity AI, would give the U.S. government up to a 50% stake in the company’s ...